Citigroup Issues Positive Forecast for MDA Space (TSE:MDA) Stock Price

MDA Space (TSE:MDA) had its price objective upped by Citigroup from C$26.00 to C$30.00 in a research note released on Tuesday,BayStreet.CA reports.

A number of other brokerages have also commented on MDA. Royal Bank of Canada increased their price target on MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group boosted their price target on shares of MDA Space from C$30.00 to C$34.00 in a research report on Friday, December 13th. Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Cormark boosted their target price on shares of MDA Space from C$31.00 to C$38.00 in a report on Wednesday, December 11th. Finally, Ci Capital increased their price target on shares of MDA Space from C$15.00 to C$26.00 in a report on Monday, November 18th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, MDA Space presently has a consensus rating of “Buy” and a consensus price target of C$31.29.

MDA Space Stock Performance

MDA opened at C$27.57 on Tuesday. 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 stock has a market capitalization of C$3.31 billion, a price-to-earnings ratio of 72.55 and a beta of 0.02. The company has a fifty day moving average of C$27.87 and a 200 day moving average of C$20.50. MDA Space has a fifty-two week low of C$11.04 and a fifty-two week high of C$30.00.

Insider Activity at MDA Space

In related news, Director Michael Philip Greenley sold 9,700 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$28.60, for a total value of C$277,420.00. Also, Director John Carter Risley sold 61,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of C$28.06, for a total value of C$1,711,660.00. Insiders sold a total of 361,300 shares of company stock worth $10,285,710 in the last quarter. 12.60% of the stock is owned by company insiders.

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.