Shares of MDA Space Ltd. (TSE:MDA - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$34.78.
A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their price objective 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. Scotiabank lowered shares of MDA Space from a "strong-buy" rating to a "hold" rating and lifted their price target for the stock from C$33.00 to C$39.00 in a report on Thursday, July 3rd. Desjardins increased their price objective on MDA Space from C$38.00 to C$40.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, Canaccord Genuity Group lowered their price objective on MDA Space from C$37.00 to C$36.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st.
Get Our Latest Research Report on MDA
Insider Buying and Selling at MDA Space
In related news, Senior Officer Luigi Pozzebon sold 8,000 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of C$32.02, for a total value of C$256,160.00. Also, Senior Officer David Snarch sold 18,000 shares of MDA Space stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of C$28.20, for a total value of C$507,600.00. In the last ninety days, insiders sold 306,000 shares of company stock valued at $9,024,768. Company insiders own 12.60% of the company's stock.
MDA Space Stock Up 1.8%
MDA stock traded up C$0.70 during trading on Thursday, reaching C$39.82. 653,170 shares of the company traded hands, compared to its average volume of 490,418. The business has a 50 day simple moving average of C$29.57 and a 200 day simple moving average of C$27.35. MDA Space has a 12 month low of C$11.78 and a 12 month high of C$40.27. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83. The company has a market capitalization of C$4.86 billion, a price-to-earnings ratio of 70.78 and a beta of 0.02.
About MDA Space
(
Get Free ReportMDA 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.
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