Brokerages Set MDA Space Ltd. (TSE:MDA) PT at C$34.78

Shares of MDA Space Ltd. (TSE:MDA - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$34.78.

MDA has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their price target on shares of MDA Space from C$35.00 to C$42.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Desjardins increased their price objective on MDA Space from C$38.00 to C$40.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Canaccord Genuity Group dropped their price objective on MDA Space from C$37.00 to C$36.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Finally, Scotiabank downgraded MDA Space from a "strong-buy" rating to a "hold" rating and increased their price objective for the stock from C$33.00 to C$39.00 in a report on Thursday, July 3rd.

MDA Space Trading Down 1.8%

MDA stock traded down C$0.73 during mid-day trading on Thursday, reaching C$39.09. 212,627 shares of the stock traded hands, compared to its average volume of 488,192. The stock's fifty day moving average is C$29.83 and its 200-day moving average is C$27.42. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94. The company has a market cap of C$4.77 billion, a P/E ratio of 69.48 and a beta of 0.02. MDA Space has a 52-week low of C$11.78 and a 52-week high of C$40.27.

Insider Activity at MDA Space

In other news, Senior Officer Luigi Pozzebon sold 8,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of C$32.02, for a total value of C$256,160.00. Also, Director Michael Philip James Greenley sold 200,000 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of C$29.04, for a total transaction of C$5,807,400.00. Over the last 90 days, insiders have sold 306,000 shares of company stock valued at $9,024,768. 12.60% of the stock is owned by company insiders.

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.