MDA Space (TSE:MDA) Stock Price Expected to Rise, Desjardins Analyst Says

MDA Space (TSE:MDA) had its price target increased by stock analysts at Desjardins from C$38.00 to C$40.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 24.38% from the company’s previous close.

A number of other research analysts also recently commented on MDA. Canaccord Genuity Group reduced their price target on MDA Space from C$37.00 to C$36.00 and set a “buy” rating for the company in a report on Wednesday, May 21st. Scotiabank upped their target price on MDA Space from C$28.50 to C$34.00 in a research report on Monday, March 10th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$32.89.

MDA Space Stock Down 0.2%

MDA stock traded down C$0.06 during trading on Monday, reaching C$32.16. The stock had a trading volume of 328,407 shares, compared to its average volume of 475,604. 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 firm has a fifty day moving average price of C$26.99 and a 200 day moving average price of C$26.70. The company has a market capitalization of C$3.92 billion, a P/E ratio of 57.16 and a beta of 0.02. MDA Space has a 1-year low of C$11.78 and a 1-year high of C$33.12.

Insider Activity

In related news, Senior Officer Holly Lynn Johnson sold 8,800 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of C$30.70, for a total value of C$270,160.00. Also, Senior Officer Guillaume Lavoie bought 1,150 shares of MDA Space stock in a transaction on Tuesday, May 13th. The stock was acquired at an average price of C$24.75 per share, with a total value of C$28,462.50. Insiders have sold a total of 266,800 shares of company stock worth $7,810,768 in the last ninety days. Corporate insiders own 12.60% of the company’s stock.

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.