TD Securities Boosts Magellan Aerospace (TSE:MAL) Price Target to C$19.00

Magellan Aerospace (TSE:MAL) had its price objective boosted by equities researchers at TD Securities from C$18.00 to C$19.00 in a report released on Monday,BayStreet.CA reports. TD Securities’ target price suggests a potential upside of 73.52% from the stock’s previous close.

Magellan Aerospace Price Performance

Shares of TSE:MAL traded up C$0.25 during trading on Monday, reaching C$10.95. The company had a trading volume of 21,879 shares, compared to its average volume of 9,412. The company has a fifty day moving average of C$9.95 and a two-hundred day moving average of C$10.02. The company has a current ratio of 2.58, a quick ratio of 1.55 and a debt-to-equity ratio of 11.81. The stock has a market capitalization of C$605.80 million, a P/E ratio of 31.33, a price-to-earnings-growth ratio of -21.36 and a beta of 1.11. Magellan Aerospace has a 12 month low of C$7.77 and a 12 month high of C$11.05.

About Magellan Aerospace

Magellan Aerospace Corporation, through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts.