Ci Capital Increases MDA Space (TSE:MDA) Price Target to C$26.00

MDA Space (TSE:MDA) had its target price lifted by investment analysts at Ci Capital from C$15.00 to C$26.00 in a research report issued on Monday,BayStreet.CA reports.

MDA has been the subject of several other research reports. Cormark increased their price objective on shares of MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th. Canaccord Genuity Group increased their price target on MDA Space from C$21.00 to C$27.00 in a report on Monday, November 4th. Desjardins raised MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Scotiabank upped their target price on MDA Space from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets upgraded MDA Space from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$15.00 to C$28.00 in a report on Monday, November 4th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$26.17.

MDA Space Stock Performance

MDA Space has a 1 year low of C$10.65 and a 1 year high of C$27.05. The business’s 50-day simple moving average is C$20.25 and its 200 day simple moving average is C$15.76. 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 firm has a market cap of C$3.17 billion, a P/E ratio of 67.63 and a beta of 0.02.

Insider Buying and Selling at MDA Space

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