MDA Space (TSE:MDA) Price Target Cut to C$43.00 by Analysts at Scotiabank

MDA Space (TSE:MDA) had its price target reduced by Scotiabank from C$55.00 to C$43.00 in a research report report published on Tuesday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group dropped their target price on MDA Space from C$54.00 to C$47.00 in a report on Tuesday. BMO Capital Markets raised their price target on MDA Space from C$33.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Desjardins decreased their price target on MDA Space from C$56.00 to C$43.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Royal Bank Of Canada decreased their price target on MDA Space from C$53.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Tuesday. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$38.44.

MDA Space Price Performance

MDA opened at C$32.99 on Tuesday. MDA Space has a fifty-two week low of C$14.99 and a fifty-two week high of C$48.31. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83. The company has a market capitalization of C$4.12 billion, a P/E ratio of 36.66 and a beta of -0.63. The stock has a fifty day moving average of C$41.89 and a 200-day moving average of C$32.23.

Insider Buying and Selling

In related news, Senior Officer Holly Lynn Johnson sold 31,200 shares of the firm’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of C$30.70, for a total value of C$957,840.00. Also, Senior Officer Luigi Pozzebon sold 8,000 shares of MDA Space stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of C$32.02, for a total value of C$256,160.00. Insiders have sold 372,230 shares of company stock valued at $15,228,315 in the last ninety days. Insiders own 12.60% of the company’s stock.

About MDA Space

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.