MDA Space Ltd. (TSE:MDA) Receives Average Rating of "Buy" from Brokerages

Shares of MDA Space Ltd. (TSE:MDA - Get Free Report) have been given a consensus rating of "Buy" by the eleven analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$64.50.

A number of equities analysts recently commented on MDA shares. ATB Cormark Capital Markets decreased their target price on MDA Space from C$51.00 to C$48.00 and set a "sector perform" rating on the stock in a report on Monday, August 10th. BMO Capital Markets increased their price target on MDA Space from C$53.00 to C$68.00 and gave the stock an "outperform" rating in a research note on Monday, June 22nd. Scotiabank raised their price target on MDA Space from C$70.00 to C$71.00 and gave the company a "sector outperform" rating in a report on Monday, June 22nd. Jefferies Financial Group upgraded MDA Space to a "strong-buy" rating in a research report on Wednesday, June 10th. Finally, Scotia upped their price objective on MDA Space from C$53.00 to C$70.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 28th.

Insider Activity at MDA Space

In other news, insider Guillaume Lavoie sold 688 shares of the business's stock in a transaction on Friday, June 12th. The shares were sold at an average price of C$55.62, for a total value of C$38,266.56. Following the transaction, the insider owned 5,569 shares of the company's stock, valued at approximately C$309,747.78. The trade was a 11.00% decrease in their ownership of the stock. Also, insider Luigi Pozzebon sold 31,686 shares of the company's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of C$52.90, for a total transaction of C$1,676,189.40. In the last 90 days, insiders sold 119,269 shares of company stock valued at $6,318,903. Corporate insiders own 12.60% of the company's stock.

MDA Space Stock Performance

Shares of TSE MDA opened at C$40.84 on Tuesday. MDA Space has a 12-month low of C$20.85 and a 12-month high of C$67.90. The firm has a market capitalization of C$6.62 billion, a price-to-earnings ratio of 51.70 and a beta of -0.19. The company has a current ratio of 0.75, a quick ratio of 1.00 and a debt-to-equity ratio of 20.01. The firm has a 50 day moving average of C$46.05 and a 200 day moving average of C$46.79.

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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