MDA Space (TSE:MDA) Price Target Raised to C$45.00

MDA Space (TSE:MDA - Get Free Report) had its target price hoisted by analysts at Canaccord Genuity Group from C$36.00 to C$45.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective points to a potential upside of 14.91% from the company's current price.

Several other equities analysts have also issued reports on MDA. Scotiabank lowered MDA Space from a "strong-buy" rating to a "hold" rating and raised their price objective for the stock from C$33.00 to C$39.00 in a report on Thursday, July 3rd. Desjardins raised 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. Finally, Royal Bank Of Canada raised their price objective on MDA Space from C$35.00 to C$42.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, MDA Space has an average rating of "Moderate Buy" and a consensus target price of C$35.78.

MDA Space Stock Down 1.7%

TSE:MDA traded down C$0.66 during trading hours on Friday, hitting C$39.16. The company's stock had a trading volume of 249,626 shares, compared to its average volume of 488,528. The stock has a market capitalization of C$4.78 billion, a P/E ratio of 69.60 and a beta of 0.02. The stock has a fifty day moving average of C$29.83 and a 200-day moving average of 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. MDA Space has a 52-week low of C$11.78 and a 52-week high of C$40.27.

Insider Buying and Selling at MDA Space

In other news, Senior Officer Luigi Pozzebon sold 8,000 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of C$32.02, for a total transaction of C$256,160.00. Also, Senior Officer David Snarch sold 18,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of C$28.20, for a total transaction of C$507,600.00. In the last ninety days, insiders have sold 306,000 shares of company stock valued at $9,024,768. 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.

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