Analysts Set MDA Space Ltd. (TSE:MDA) Price Target at C$39.40

Shares of MDA Space Ltd. (TSE:MDA) have been assigned a consensus rating of “Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$39.40.

Several research analysts recently issued reports on the company. Scotiabank cut their target price on MDA Space from C$55.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 9th. BMO Capital Markets cut their price objective on MDA Space from C$53.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 9th. Stifel Nicolaus set a C$48.00 price objective on MDA Space and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Stifel Canada raised MDA Space to a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, Canaccord Genuity Group cut their price objective on MDA Space from C$54.00 to C$47.00 in a research report on Tuesday, September 9th.

Insider Transactions at MDA Space

In other MDA Space news, Director John Carter Risley sold 184,230 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of C$43.00, for a total value of C$7,921,890.00. Following the sale, the director directly owned 1,246,020 shares in the company, valued at C$53,578,860. The trade was a 12.88% decrease in their ownership of the stock. Also, insider Holly Lynn Johnson sold 40,620 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of C$45.80, for a total value of C$1,860,396.00. Following the completion of the sale, the insider owned 34,810 shares in the company, valued at approximately C$1,594,298. The trade was a 53.85% decrease in their ownership of the stock. Over the last 90 days, insiders sold 1,334,150 shares of company stock valued at $59,797,443. 12.60% of the stock is currently owned by insiders.

MDA Space Stock Up 1.3%

Shares of TSE:MDA opened at C$35.15 on Friday. The stock has a market cap of C$4.39 billion, a price-to-earnings ratio of 39.06 and a beta of -0.99. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. MDA Space has a 12-month low of C$19.96 and a 12-month high of C$48.31. The business’s 50 day moving average is C$37.35 and its 200 day moving average is C$34.06.

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.