MDA Space Ltd. (TSE:MDA) Receives C$34.78 Consensus Price Target from Analysts

MDA Space Ltd. (TSE:MDA - Get Free Report) has earned an average rating of "Moderate Buy" from the six analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$35.78.

Several analysts recently commented on the company. Scotiabank cut MDA Space from a "strong-buy" rating to a "hold" rating and upped their target price for the company from C$33.00 to C$39.00 in a report on Thursday, July 3rd. Canaccord Genuity Group upped their target price on MDA Space from C$36.00 to C$45.00 and gave the company a "buy" rating in a report on Friday. Desjardins upped their target price 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, Royal Bank Of Canada upped their target price on MDA Space from C$35.00 to C$42.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd.

MDA Space Trading Down 2.1%

Shares of MDA Space stock traded down C$0.83 on Thursday, hitting C$38.99. The stock had a trading volume of 434,919 shares, compared to its average volume of 490,001. The stock has a 50 day moving average of C$30.15 and a 200 day moving average of C$27.48. MDA Space has a twelve month low of C$11.78 and a twelve month high of C$40.27. The firm has a market capitalization of C$4.75 billion, a P/E ratio of 69.30 and a beta of 0.02. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83.

Insider Buying and Selling

In related news, Director Michael Philip James Greenley sold 200,000 shares of the stock in a transaction on Wednesday, June 11th. The stock was 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 stock in a transaction on Monday, June 23rd. The stock was sold at an average price of C$30.70, for a total value of C$957,840.00. Insiders sold 306,000 shares of company stock worth $9,024,768 over the last quarter. 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.