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

MDA Space (TSE:MDA) had its target price hoisted by Royal Bank of Canada from C$28.00 to C$30.00 in a report published on Wednesday morning,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets raised shares of MDA Space from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$15.00 to C$28.00 in a report on Monday, November 4th. Canaccord Genuity Group lifted their price objective on MDA Space from C$21.00 to C$27.00 in a research report on Monday, November 4th. Cormark upped their target price on shares of MDA Space from C$30.00 to C$31.00 in a research report on Monday. Ci Capital upped their price objective on shares of MDA Space from C$15.00 to C$26.00 in a research report on Monday. Finally, Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$27.83.

MDA Space Price Performance

Shares of MDA Space stock opened at C$26.54 on Wednesday. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s 50-day simple moving average is C$20.25 and its 200-day simple moving average is C$15.76. The firm has a market cap of C$3.19 billion, a P/E ratio of 69.84 and a beta of 0.02. MDA Space has a twelve month low of C$10.65 and a twelve month high of C$27.47.

Insider Activity

In related news, Director John Carter Risley sold 22,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total transaction of C$347,017.50. Also, Director Michael Philip Greenley sold 175,000 shares of the stock in a transaction on Sunday, September 22nd. The stock was sold at an average price of C$16.64, for a total value of C$2,911,632.50. Insiders sold a total of 198,920 shares of company stock valued at $3,281,370 over the last three months. Insiders own 12.60% of the company’s stock.

MDA Space Company Profile

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.