Canaccord Genuity Group Lowers MDA Space (TSE:MDA) Price Target to C$36.00

MDA Space (TSE:MDA) had its price objective lowered by equities researchers at Canaccord Genuity Group from C$37.00 to C$36.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 27.84% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on MDA. Scotiabank upped their price target on shares of MDA Space from C$28.50 to C$34.00 in a research note on Monday, March 10th. Citigroup boosted their price objective on shares of MDA Space from C$26.00 to C$30.00 in a research report on Thursday, January 30th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$32.00.

MDA Space Stock Performance

TSE:MDA opened at C$28.16 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. MDA Space has a fifty-two week low of C$11.44 and a fifty-two week high of C$30.00. The stock has a market cap of C$3.43 billion, a PE ratio of 50.05 and a beta of 0.02. The firm’s fifty day simple moving average is C$25.90 and its 200-day simple moving average is C$26.28.

Insider Buying and Selling

In other news, Senior Officer Guillaume Lavoie bought 1,150 shares of MDA Space stock in a transaction on Tuesday, May 13th. The shares were bought at an average cost of C$24.75 per share, for a total transaction of C$28,462.50. Insiders own 12.60% of the company’s stock.

MDA Space Company Profile

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators.