MDA (TSE:MDA) Price Target Cut to C$23.00

MDA (TSE:MDA) had its price target decreased by Scotiabank from C$24.00 to C$23.00 in a report released on Thursday, BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 54.99% from the stock’s current price.

Separately, BMO Capital Markets started coverage on shares of MDA in a research note on Tuesday, April 27th. They set a “market perform” rating and a C$17.00 price target for the company.

Shares of TSE:MDA opened at C$14.84 on Thursday. The firm has a 50 day moving average price of C$30.24. The stock has a market cap of C$1.77 billion and a P/E ratio of -412.22. MDA has a 52 week low of C$14.05 and a 52 week high of C$18.88.

MDA (TSE:MDA) last issued its quarterly earnings results on Wednesday, February 24th. The company reported C($1.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.49) by C($0.62). The company had revenue of C$608.69 million for the quarter, compared to analysts’ expectations of C$586.24 million. On average, analysts expect that MDA will post 6.0700001 earnings per share for the current year.

About MDA

MDA Ltd. develops and manufactures space technology systems. The company offers geointelligence solutions and services related to earth observation and intelligence systems that provide satellite-generated imagery and data to deliver critical and value-added insights in the areas of national security, climate change monitoring, and commerce.

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