MDA Space (NYSE:MDA) Raised to Strong-Buy at Canaccord Genuity Group

MDA Space (NYSE:MDA) was upgraded by equities research analysts at Canaccord Genuity Group to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of MDA Space in a report on Monday, April 6th. They set an “overweight” rating and a $34.00 price target on the stock. Jefferies Financial Group started coverage on shares of MDA Space in a research note on Monday, April 6th. They issued a “buy” rating and a $41.00 price objective on the stock. Finally, Weiss Ratings started coverage on shares of MDA Space in a research note on Wednesday, April 8th. They issued a “buy (b-)” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $37.50.

MDA Space Price Performance

Shares of NYSE MDA opened at $32.78 on Wednesday. MDA Space has a 52-week low of $23.23 and a 52-week high of $37.45.

About MDA Space

MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.