MDA Space (TSE:MDA) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

MDA Space (TSE:MDA - Get Free Report) had its price objective lifted by research analysts at Royal Bank Of Canada from C$35.00 to C$42.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target suggests a potential upside of 12.99% from the stock's previous close.

Several other research firms have also recently commented on MDA. Scotiabank cut MDA Space from an "outperform" rating to a "sector perform" rating and raised their target price for the stock from C$33.00 to C$39.00 in a research note on Thursday. Desjardins raised their price objective on shares of MDA Space from C$38.00 to C$40.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Canaccord Genuity Group lowered their price objective on shares of MDA Space from C$37.00 to C$36.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$34.78.

MDA Space Trading Up 1.1%

MDA traded up C$0.42 during trading on Thursday, reaching C$37.17. 217,294 shares of the stock traded hands, compared to its average volume of 485,527. The stock's 50-day moving average is C$28.89 and its 200 day moving average is C$27.13. MDA Space has a 12 month low of C$11.78 and a 12 month high of C$37.40. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. The stock has a market capitalization of C$4.53 billion, a PE ratio of 66.07 and a beta of 0.02.

Insider Transactions at MDA Space

In other news, Senior Officer Holly Lynn Johnson sold 31,200 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of C$30.70, for a total transaction of C$957,840.00. Also, Senior Officer Luigi Pozzebon sold 8,000 shares of MDA Space stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of C$32.02, for a total transaction of C$256,160.00. In the last ninety days, insiders have sold 306,000 shares of company stock valued at $9,024,768. Company 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.