MDA Space (TSE:MDA) Stock Price Expected to Rise, Citigroup Analyst Says

MDA Space (TSE:MDA) had its target price raised by stock analysts at Citigroup from C$26.00 to C$30.00 in a report released on Tuesday,BayStreet.CA reports. Citigroup’s target price indicates a potential upside of 8.77% from the company’s current price.

Several other research firms have also commented on MDA. Desjardins raised shares of MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their price objective on MDA Space from C$28.00 to C$30.00 in a research report on Wednesday, November 20th. Cormark upped their target price on shares of MDA Space from C$31.00 to C$38.00 in a research report on Wednesday, December 11th. Scotiabank lifted their price target on shares of MDA Space from C$29.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Ci Capital upped their price objective on shares of MDA Space from C$15.00 to C$26.00 in a report on Monday, November 18th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$31.29.

MDA Space Trading Down 0.5 %

TSE:MDA traded down C$0.15 during trading hours on Tuesday, hitting C$27.58. The company had a trading volume of 207,999 shares, compared to its average volume of 346,773. MDA Space has a 1 year low of C$11.04 and a 1 year high of C$30.00. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79. The company has a 50-day moving average of C$27.87 and a 200 day moving average of C$20.50. The company has a market cap of C$3.31 billion, a P/E ratio of 72.58 and a beta of 0.02.

Insider Activity at MDA Space

In related news, 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. Also, Director John Carter Risley sold 61,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of C$28.06, for a total value of C$1,711,660.00. Over the last quarter, insiders sold 361,300 shares of company stock worth $10,285,710. Corporate insiders own 12.60% of the company’s stock.

About MDA Space

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.