National Bank Financial Reiterates “C$55.00” Price Target for MDA Space (TSE:MDA)

National Bank Financial set a C$55.00 price objective on MDA Space (TSE:MDA) in a report published on Tuesday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

MDA has been the subject of a number of other research reports. Scotia upped their target price on MDA Space from C$53.00 to C$70.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 28th. Canaccord Genuity Group cut their price target on MDA Space from C$65.00 to C$64.00 and set a “buy” rating on the stock in a report on Monday, August 10th. ATB Cormark Capital Markets reduced their price target on MDA Space from C$51.00 to C$48.00 and set a “sector perform” rating for the company in a research report on Monday, August 10th. Stifel Nicolaus upped their price objective on MDA Space from C$70.00 to C$75.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Finally, Desjardins raised their price objective on MDA Space from C$70.00 to C$72.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, MDA Space presently has an average rating of “Buy” and an average price target of C$63.64.

MDA Space Price Performance

Shares of MDA opened at C$42.41 on Tuesday. The company has a 50 day moving average price of C$43.44 and a 200-day moving average price of C$46.89. MDA Space has a fifty-two week low of C$20.85 and a fifty-two week high of C$67.90. The stock has a market capitalization of C$6.87 billion, a PE ratio of 53.68 and a beta of -0.19. The company has a debt-to-equity ratio of 20.01, a quick ratio of 1.00 and a current ratio of 0.75.

MDA Space Company Profile

Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one.