MDA Space (NYSE:MDA) Now Covered by Analysts at JPMorgan Chase & Co.

Investment analysts at JPMorgan Chase & Co. assumed coverage on shares of MDA Space (NYSE:MDA) in a report issued on Monday,Benzinga reports. The firm set an “overweight” rating and a $34.00 price target on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 15.57% from the company’s previous close.

Separately, Jefferies Financial Group began coverage on shares of MDA Space in a research report on Monday. They set a “buy” rating and a $41.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, MDA Space presently has a consensus rating of “Buy” and a consensus target price of $37.50.

MDA Space Trading Up 0.1%

Shares of MDA Space stock traded up $0.02 on Monday, hitting $29.42. The company’s stock had a trading volume of 17,016 shares, compared to its average volume of 852,752. MDA Space has a 52-week low of $23.23 and a 52-week high of $33.75.

MDA Space Company Profile

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.