Cormark Increases MDA Space (TSE:MDA) Price Target to C$38.00

MDA Space (TSE:MDA) had its target price hoisted by research analysts at Cormark from C$31.00 to C$38.00 in a research note issued on Wednesday,BayStreet.CA reports. Cormark’s target price would suggest a potential upside of 33.85% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Royal Bank of Canada upped their target price on MDA Space from C$28.00 to C$30.00 in a report on Wednesday, November 20th. Canaccord Genuity Group lifted their target price on shares of MDA Space from C$21.00 to C$27.00 in a research report on Monday, November 4th. Scotiabank boosted their target price on shares of MDA Space from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets raised shares of 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 note on Monday, November 4th. Finally, Desjardins raised shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Four equities research 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 target price of C$30.33.

MDA Space Stock Down 1.7 %

Shares of TSE:MDA opened at C$28.39 on Wednesday. MDA Space has a 52-week low of C$10.65 and a 52-week high of C$29.98. The company has a market capitalization of C$3.41 billion, a PE ratio of 74.74 and a beta of 0.02. 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 fifty day moving average of C$23.82 and a 200-day moving average of C$17.27.

Insider Activity

In other MDA Space news, Director Yung Cheng Wu purchased 3,800 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were purchased at an average cost of C$28.49 per share, with a total value of C$108,262.00. Also, Director Michael Philip Greenley sold 175,000 shares of the stock in a transaction that occurred on Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total value of C$2,911,632.50. 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.