Citigroup Boosts MDA Space (TSE:MDA) Price Target to C$30.00

MDA Space (TSE:MDA) had its target price increased by Citigroup from C$26.00 to C$30.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

A number of other analysts have also recently commented on the company. Cormark lifted their price target on MDA Space from C$31.00 to C$38.00 in a research report on Wednesday, December 11th. Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. Canaccord Genuity Group upped their price objective on shares of MDA Space from C$30.00 to C$34.00 in a report on Friday, December 13th. Ci Capital raised their target price on shares of MDA Space from C$15.00 to C$26.00 in a report on Monday, November 18th. Finally, BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$15.00 to C$28.00 in a research report on Monday, November 4th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, MDA Space has a consensus rating of “Buy” and an average price target of C$31.29.

MDA Space Stock Performance

MDA opened at C$27.57 on Tuesday. The firm’s 50-day moving average price is C$27.87 and its 200-day moving average price is C$20.50. The company has a market cap of C$3.31 billion, a P/E ratio of 72.55 and a beta of 0.02. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79. MDA Space has a 52-week low of C$11.04 and a 52-week high of C$30.00.

Insider Buying and Selling at MDA Space

In other news, Director John Carter Risley sold 61,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$28.06, for a total transaction of C$1,711,660.00. Also, Director Michael Philip Greenley sold 9,700 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$28.60, for a total transaction of C$277,420.00. Over the last quarter, insiders sold 361,300 shares of company stock valued at $10,285,710. Corporate insiders own 12.60% of the company’s stock.

MDA Space Company Profile

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.