MDA Space (TSE:MDA) Given a C$48.00 Price Target by Stifel Nicolaus Analysts

Key Points

• MDA Space has received a target price of C$48.00 from Stifel Nicolaus, indicating a potential upside of 27.29% from its previous close, along with a "buy" rating.
• Other analysts have revised their target prices downward, with Scotiabank, BMO Capital Markets, and Royal Bank of Canada setting their targets between C$40.00 and C$45.00, yet they maintain "outperform" ratings.
• Insider trading activity included purchases and sales, with one insider increasing their holdings by 36.51%, while another sold a significant portion of shares, reflecting fluctuations in insider sentiment.

MDA Space (TSE:MDA - Get Free Report) received a C$48.00 target price from equities researchers at Stifel Nicolaus in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price target points to a potential upside of 27.29% from the company's previous close.

MDA has been the subject of a number of other research reports. Scotiabank cut their target price on shares of MDA Space from C$55.00 to C$43.00 and set an "outperform" rating for the company in a research report on Tuesday, September 9th. BMO Capital Markets cut their target price on shares of MDA Space from C$53.00 to C$40.00 and set an "outperform" rating for the company in a research report on Tuesday, September 9th. Royal Bank Of Canada cut their target price on shares of MDA Space from C$53.00 to C$45.00 and set an "outperform" rating for the company in a research report on Tuesday, September 9th. Canaccord Genuity Group cut their target price on shares of MDA Space from C$54.00 to C$47.00 in a research report on Tuesday, September 9th. Finally, Desjardins lowered their price target on shares of MDA Space from C$56.00 to C$43.00 and set a "buy" rating for the company in a report on Tuesday, September 9th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of C$39.40.

MDA Space Price Performance

MDA traded up C$2.60 during midday trading on Wednesday, reaching C$37.71. 640,207 shares of the company's stock were exchanged, compared to its average volume of 590,777. The company has a debt-to-equity ratio of 34.94, a current ratio of 0.83 and a quick ratio of 1.00. The stock has a market capitalization of C$4.71 billion, a PE ratio of 41.90 and a beta of -0.99. The business's 50-day moving average price is C$39.32 and its 200 day moving average price is C$33.29. MDA Space has a 1-year low of C$19.86 and a 1-year high of C$48.31.

Insider Transactions at MDA Space

In related news, insider Guillaume Lavoie bought 1,220 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average cost of C$33.91 per share, for a total transaction of C$41,370.20. Following the completion of the acquisition, the insider owned 4,562 shares in the company, valued at C$154,697.42. This trade represents a 36.51% increase in their ownership of the stock. Also, insider Holly Lynn Johnson sold 40,620 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of C$45.80, for a total transaction of C$1,860,396.00. Following the completion of the sale, the insider owned 34,810 shares of the company's stock, valued at approximately C$1,594,298. The trade was a 53.85% decrease in their ownership of the stock. Insiders sold 1,334,150 shares of company stock valued at $59,797,443 in the last quarter. Insiders own 12.60% of the company's stock.

MDA Space Company Profile

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.

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