MDA Space (TSE:MDA) PT Raised to C$21.00

MDA Space (TSE:MDA) had its price target hoisted by Cormark from C$19.00 to C$21.00 in a research report sent to investors on Friday, BayStreet.CA reports.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada set a C$16.00 price target on shares of MDA Space and gave the stock an outperform rating in a report on Monday, June 24th. Scotiabank boosted their target price on shares of MDA Space from C$18.50 to C$20.00 in a research note on Thursday, July 18th.

MDA Space Stock Performance

Shares of MDA Space stock opened at C$14.25 on Friday. The firm has a market capitalization of C$1.71 billion, a P/E ratio of 37.50 and a beta of 0.14. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 52.23. The business’s fifty day simple moving average is C$12.77 and its 200 day simple moving average is C$13.39. MDA Space has a 12 month low of C$9.99 and a 12 month high of C$15.45.

Insider Buying and Selling at MDA Space

In other MDA Space news, Director Brendan Paddick bought 85,000 shares of MDA Space stock in a transaction dated Thursday, June 20th. The stock was purchased at an average price of C$11.96 per share, for a total transaction of C$1,016,600.00. Insiders own 12.63% 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.