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

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.

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

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.