Analysts Set MDA Space Ltd. (TSE:MDA) Price Target at C$35.78

MDA Space Ltd. (TSE:MDA) has been assigned an average recommendation of “Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$43.22.

A number of research analysts have issued reports on MDA shares. Canaccord Genuity Group boosted their price objective on shares of MDA Space from C$36.00 to C$45.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Scotiabank raised shares of MDA Space from a “hold” rating to a “strong-buy” rating and upped their target price for the stock from C$39.00 to C$55.00 in a research report on Tuesday. Royal Bank Of Canada upped their target price on shares of MDA Space from C$42.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Tuesday. BMO Capital Markets upped their target price on shares of MDA Space from C$33.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Desjardins upped their target price on shares of MDA Space from C$40.00 to C$55.00 and gave the stock a “buy” rating in a research report on Tuesday.

Insider Buying and Selling at MDA Space

In other news, Senior Officer David Snarch sold 18,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of C$28.20, for a total value of C$507,600.00. Also, Senior Officer Minda Marie Suchan sold 40,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of C$30.64, for a total transaction of C$1,225,608.00. In the last ninety days, insiders have sold 306,000 shares of company stock worth $9,024,768. 12.60% of the stock is owned by company insiders.

MDA Space Stock Up 3.7%

Shares of MDA Space stock opened at C$46.18 on Monday. 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 fifty day simple moving average is C$35.51 and its two-hundred day simple moving average is C$29.03. The company has a market cap of C$5.63 billion, a P/E ratio of 82.08 and a beta of 0.02. MDA Space has a 12-month low of C$11.94 and a 12-month high of C$47.84.

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.