MDA Space (TSE:MDA) PT Set at C$48.00 by Stifel Nicolaus

MDA Space (TSE:MDA) has been assigned a C$48.00 target price by stock analysts at Stifel Nicolaus in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 26.02% from the stock’s current price.

Other analysts also recently issued reports about the stock. Scotiabank reduced their price target on shares of MDA Space from C$55.00 to C$43.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. BMO Capital Markets reduced their price target on shares of MDA Space from C$53.00 to C$40.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. Desjardins reduced their price target on shares of MDA Space from C$56.00 to C$43.00 and set a “buy” rating on the stock in a report on Tuesday, September 9th. Canaccord Genuity Group reduced their price target on shares of MDA Space from C$54.00 to C$47.00 in a report on Tuesday, September 9th. Finally, Royal Bank Of Canada reduced their price target on shares of MDA Space from C$53.00 to C$45.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$39.40.

MDA Space Stock Up 1.4%

Shares of MDA stock opened at C$38.09 on Wednesday. The company has a market capitalization of C$4.76 billion, a price-to-earnings ratio of 42.32 and a beta of -0.99. MDA Space has a one year low of C$19.96 and a one year high of C$48.31. The company’s fifty day moving average price is C$39.26 and its 200-day moving average price is C$33.39. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00.

Insider Transactions at MDA Space

In other news, insider Holly Lynn Johnson sold 40,620 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of C$45.80, for a total value of C$1,860,396.00. Following the sale, the insider directly owned 34,810 shares in the company, valued at C$1,594,298. The trade was a 53.85% decrease in their position. Also, Director Michael Philip James Greenley sold 1,009,300 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of C$45.00, for a total transaction of C$45,418,500.00. Following the completion of the sale, the director owned 117,037 shares in the company, valued at approximately C$5,266,665. This trade represents a 89.61% decrease in their ownership of the stock. Over the last 90 days, insiders sold 1,334,150 shares of company stock worth $59,797,443. 12.60% of the stock is currently owned by corporate insiders.

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.