Brokerages Set MDA Space Ltd. (TSE:MDA) PT at C$35.78

MDA Space Ltd. (TSE:MDA - Get Free Report) has been given a consensus recommendation of "Buy" by the six research firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$43.22.

A number of brokerages have recently weighed in on MDA. Royal Bank Of Canada increased their price target on MDA Space from C$42.00 to C$53.00 and gave the stock an "outperform" rating in a research report on Tuesday. Desjardins boosted their price target on MDA Space from C$40.00 to C$55.00 and gave the stock a "buy" rating in a research report on Tuesday. Canaccord Genuity Group raised their target price on shares of MDA Space from C$36.00 to C$45.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Scotiabank raised MDA Space from a "sector perform" rating to an "outperform" rating and increased their price target for the company from C$39.00 to C$55.00 in a research note on Tuesday. Finally, BMO Capital Markets raised their price objective on shares of MDA Space from C$33.00 to C$53.00 and gave the company an "outperform" rating in a research report on Tuesday.

MDA Space Stock Performance

MDA traded down C$1.43 during trading hours on Monday, hitting C$44.75. 693,187 shares of the stock were exchanged, compared to its average volume of 501,888. The stock has a market cap of C$5.46 billion, a price-to-earnings ratio of 79.54 and a beta of 0.02. MDA Space has a 12 month low of C$13.00 and a 12 month high of C$48.31. The stock has a 50-day simple moving average of C$35.51 and a 200-day simple moving average of C$29.03. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00.

Insider Buying and Selling at MDA Space

In other MDA Space news, Director Michael Philip James Greenley sold 200,000 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of C$29.04, for a total value of C$5,807,400.00. Also, Senior Officer Holly Lynn Johnson sold 31,200 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of C$30.70, for a total value of C$957,840.00. Insiders sold a total of 306,000 shares of company stock valued at $9,024,768 in the last 90 days. Corporate insiders own 12.60% of the company's stock.

About MDA Space

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.