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

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

A number of other analysts have also commented on the stock. Royal Bank of Canada upped their price objective on shares of MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Cormark increased their price objective on MDA Space from C$31.00 to C$38.00 in a research note on Wednesday, December 11th. Canaccord Genuity Group lifted their target price on MDA Space from C$30.00 to C$34.00 in a research note on Friday, December 13th. BMO Capital Markets raised shares of 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. Finally, Ci Capital boosted their price objective on shares of MDA Space from C$15.00 to C$26.00 in a research report on Monday, November 18th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$31.29.

MDA Space Trading Down 1.8 %

Shares of MDA Space stock opened at C$24.10 on Thursday. MDA Space has a fifty-two week low of C$11.08 and a fifty-two week high of C$30.00. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79. The firm has a market cap of C$2.89 billion, a price-to-earnings ratio of 63.42 and a beta of 0.02. The business has a fifty day simple moving average of C$28.08 and a 200-day simple moving average of C$21.13.

Insider Transactions at MDA Space

In other news, Director Yung Cheng Wu purchased 3,800 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was bought at an average cost of C$28.49 per share, for a total transaction of C$108,262.00. Also, Director Michael Philip Greenley sold 9,700 shares of MDA Space stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$28.60, for a total value of C$277,420.00. Insiders have sold a total of 361,300 shares of company stock worth $10,285,710 in the last 90 days. 12.60% of the stock is owned by insiders.

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.