Analysts Set MDA Space Ltd. (TSE:MDA) PT at C$45.43

Shares of MDA Space Ltd. (TSE:MDA) have earned a consensus recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$45.43.

Several equities research analysts have weighed in on the company. Morgan Stanley raised MDA Space from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from C$32.00 to C$46.00 in a research report on Friday, January 16th. BMO Capital Markets increased their price objective on shares of MDA Space from C$36.00 to C$45.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Royal Bank Of Canada cut their price objective on shares of MDA Space from C$45.00 to C$38.00 in a research report on Monday, November 17th. Canaccord Genuity Group boosted their target price on shares of MDA Space from C$37.00 to C$51.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, Desjardins upped their target price on shares of MDA Space from C$39.00 to C$48.00 and gave the stock a “buy” rating in a research report on Friday, February 6th.

Insider Transactions at MDA Space

In related news, Director John Carter Risley sold 75,700 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of C$27.17, for a total value of C$2,056,769.00. Following the completion of the transaction, the director directly owned 313,710 shares of the company’s stock, valued at C$8,523,500.70. This represents a 19.44% decrease in their position. 12.60% of the stock is owned by company insiders.

MDA Space Stock Up 1.5%

Shares of MDA Space stock opened at C$39.58 on Friday. The stock has a market capitalization of C$5.00 billion, a price-to-earnings ratio of 46.56 and a beta of -0.97. MDA Space has a twelve month low of C$20.22 and a twelve month high of C$48.31. 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 business’s 50 day simple moving average is C$32.44 and its 200-day simple moving average is C$32.87.

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. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.