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

MDA Space (TSE:MDA) had its price target increased by Citigroup from C$26.00 to C$30.00 in a research note published on Tuesday morning,BayStreet.CA reports.

Several other research firms have also weighed in on MDA. Scotiabank upped their price objective on MDA Space from C$29.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Royal Bank of Canada upped their price target on MDA Space from C$28.00 to C$30.00 in a research report on Wednesday, November 20th. Ci Capital lifted their price objective on MDA Space from C$15.00 to C$26.00 in a report on Monday, November 18th. Canaccord Genuity Group upped their target price on shares of MDA Space from C$30.00 to C$34.00 in a report on Friday, December 13th. Finally, Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$31.29.

MDA Space Price Performance

Shares of MDA Space stock opened at C$28.54 on Tuesday. MDA Space has a twelve month low of C$11.08 and a twelve month high of C$30.00. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of C$3.43 billion, a P/E ratio of 75.11 and a beta of 0.02. The firm’s 50-day simple moving average is C$27.95 and its 200-day simple moving average is C$20.65.

Insider Transactions at MDA Space

In related news, Director Michael Philip Greenley sold 9,700 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$28.60, for a total value of C$277,420.00. Also, Director Yung Cheng Wu acquired 3,800 shares of MDA Space stock in a transaction on Friday, November 22nd. The shares were purchased at an average cost of C$28.49 per share, for a total transaction of C$108,262.00. Over the last quarter, insiders have sold 361,300 shares of company stock worth $10,285,710. Insiders own 12.60% of the company’s stock.

MDA Space Company Profile

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.