MDA Space (TSE:MDA) Given a C$55.00 Price Target at National Bank Financial

Key Points

• National Bank Financial set a C$55.00 price target on MDA Space and maintained an “outperform” rating, implying 33.04% upside from the stock’s current price.
• Analyst sentiment is broadly positive: MDA Space has an average “Buy” rating and a consensus price target of C$63.64, with two Strong Buy, nine Buy and one Hold ratings.
• MDA shares rose C$1.20 to C$41.34 in Tuesday trading, while the stock has ranged between C$20.85 and C$67.90 over the past 12 months.

MDA Space (TSE:MDA - Get Free Report) has been assigned a C$55.00 price target by equities researchers at National Bank Financial in a note issued to investors on Tuesday, BayStreet reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's target price indicates a potential upside of 33.04% from the stock's current price.

Several other research analysts also recently issued reports on MDA. Scotiabank upped their price target on shares of MDA Space from C$70.00 to C$71.00 and gave the stock a "sector outperform" rating in a research report on Monday, June 22nd. BMO Capital Markets raised their price objective on shares of MDA Space from C$53.00 to C$68.00 and gave the company an "outperform" rating in a research report on Monday, June 22nd. Canaccord Genuity Group dropped their target price on shares of MDA Space from C$65.00 to C$64.00 and set a "buy" rating for the company in a research note on Monday, August 10th. Jefferies Financial Group upgraded shares of MDA Space to a "strong-buy" rating in a research report on Wednesday, June 10th. Finally, Desjardins increased their price target on shares of MDA Space from C$70.00 to C$72.00 and gave the company a "buy" rating in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, MDA Space presently has an average rating of "Buy" and a consensus target price of C$63.64.

MDA Space Price Performance

MDA traded up C$1.20 during trading on Tuesday, hitting C$41.34. The company's stock had a trading volume of 611,062 shares, compared to its average volume of 1,214,358. The company has a quick ratio of 1.00, a current ratio of 0.75 and a debt-to-equity ratio of 20.01. The stock has a market capitalization of C$6.70 billion, a price-to-earnings ratio of 52.33 and a beta of -0.19. The firm's 50 day moving average price is C$44.21 and its two-hundred day moving average price is C$46.85. MDA Space has a 12 month low of C$20.85 and a 12 month high of C$67.90.

About MDA Space

Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission - bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that's been in our DNA since day one.

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