MDA Space Ltd. (TSE:MDA) Receives C$31.43 Consensus PT from Analysts

MDA Space Ltd. (TSE:MDA) has been assigned an average recommendation of “Buy” from the five analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$32.00.

MDA has been the subject of a number of analyst reports. Citigroup boosted their target price on shares of MDA Space from C$26.00 to C$30.00 in a research note on Thursday, January 30th. 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. Finally, Canaccord Genuity Group lowered their price target on MDA Space from C$37.00 to C$36.00 and set a “buy” rating for the company in a research note on Wednesday.

MDA Space Price Performance

Shares of MDA Space stock opened at C$28.13 on Wednesday. The stock has a market cap of C$3.43 billion, a PE ratio of 50.00 and a beta of 0.02. MDA Space has a 52 week low of C$11.44 and a 52 week high of C$30.00. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94. The company’s 50-day moving average price is C$25.91 and its two-hundred day moving average price is C$26.30.

Insider Buying and Selling

In other news, Senior Officer Guillaume Lavoie acquired 1,150 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were bought at an average price of C$24.75 per share, with a total value of C$28,462.50. 12.60% of the stock is currently owned by insiders.

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.