Scotiabank Raises MDA Space (TSE:MDA) Price Target to C$22.00

MDA Space (TSE:MDA) had its target price lifted by Scotiabank from C$21.00 to C$22.00 in a report released on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the company. Royal Bank of Canada set a C$16.00 price objective on MDA Space and gave the stock an outperform rating in a report on Monday, June 24th. Cormark raised their price target on MDA Space from C$19.00 to C$21.00 in a research note on Friday, August 9th.

MDA Space Stock Up 0.5 %

MDA stock opened at C$14.99 on Friday. The company has a 50 day moving average of C$12.99 and a two-hundred day moving average of C$13.49. The company has a market cap of C$1.80 billion, a price-to-earnings ratio of 39.45 and a beta of -0.03. MDA Space has a 12-month low of C$9.99 and a 12-month high of C$15.45. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79.

Insider Buying and Selling at MDA Space

In related news, Director Karl W. Smith acquired 3,244 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of C$14.83 per share, with a total value of C$48,120.20. In other news, Director Karl W. Smith acquired 3,244 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of C$14.83 per share, with a total value of C$48,120.20. Also, Director Brendan Paddick bought 85,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was purchased at an average price of C$11.96 per share, for a total transaction of C$1,016,600.00. Corporate 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.