Ci Capital Issues Positive Forecast for MDA Space (TSE:MDA) Stock Price

by · The Cerbat Gem

MDA Space (TSE:MDA – Get Free Report) had its price objective lifted by Ci Capital from C$15.00 to C$26.00 in a note issued to investors on Monday,BayStreet.CA reports. Ci Capital’s price target would indicate a potential upside of 3.22% from the stock’s current price.

MDA has been the topic of several other reports. Cormark upped their price target on shares of MDA Space from C$19.00 to C$21.00 in a report on Friday, August 9th. Royal Bank of Canada raised their price target on shares of MDA Space from C$18.00 to C$20.00 in a report on Friday, September 20th. Desjardins raised shares of MDA Space to a “moderate buy” rating in a report on Wednesday, October 30th. Canaccord Genuity Group raised their target price on shares of MDA Space from C$21.00 to C$27.00 in a report on Monday, November 4th. Finally, Scotiabank raised their target price on shares of MDA Space from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$26.17.

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MDA Space Stock Performance

Shares of MDA stock traded up C$0.22 during mid-day trading on Monday, reaching C$25.19. 269,231 shares of the company’s stock traded hands, compared to its average volume of 257,525. The firm has a market capitalization of C$3.02 billion, a PE ratio of 66.29 and a beta of 0.02. 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 has a 50 day moving average price of C$20.03 and a two-hundred day moving average price of C$15.69. MDA Space has a 12 month low of C$10.65 and a 12 month high of C$27.05.

Insider Activity at MDA Space

In other news, Director John Carter Risley sold 22,500 shares of MDA Space stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of C$15.42, for a total value of C$347,017.50. Also, Director Michael Philip Greenley sold 175,000 shares of MDA Space stock in a transaction dated Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. Over the last quarter, insiders have sold 198,920 shares of company stock worth $3,281,370. 12.60% of the stock is owned by company insiders.

About MDA Space

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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.

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