Cormark Increases MDA Space (TSE:MDA) Price Target to C$31.00

MDA Space (TSE:MDA) had its target price hoisted by stock analysts at Cormark from C$30.00 to C$31.00 in a report released on Monday,BayStreet.CA reports.

Several other brokerages also recently commented on MDA. Scotiabank increased their price target on MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their target price on shares of MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$15.00 to C$28.00 in a research report on Monday, November 4th. Finally, Canaccord Genuity Group lifted their price objective on MDA Space from C$21.00 to C$27.00 in a research note on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$26.17.

MDA Space Stock Performance

The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of C$3.17 billion, a P/E ratio of 67.63 and a beta of 0.02. The business’s 50-day moving average is C$20.25 and its 200-day moving average is C$15.76. MDA Space has a 52 week low of C$10.65 and a 52 week high of C$27.05.

Insider Buying and Selling at MDA Space

In other MDA Space news, Director Michael Philip Greenley sold 175,000 shares of MDA Space stock in a transaction on Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. Also, Director John Carter Risley sold 22,500 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$15.42, for a total transaction of C$347,017.50. Insiders sold a total of 198,920 shares of company stock valued at $3,281,370 in the last ninety days. Company 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.