MDA Space (TSE:MDA) Given New C$21.00 Price Target at Cormark

MDA Space (TSE:MDA) had its price target increased by Cormark from C$19.00 to C$21.00 in a report released on Friday, BayStreet.CA reports.

Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada set a C$16.00 target price on MDA Space and gave the stock an outperform rating in a research report on Monday, June 24th. Scotiabank increased their price objective on MDA Space from C$18.50 to C$20.00 in a research report on Thursday, July 18th.

MDA Space Stock Down 0.1 %

Shares of TSE:MDA opened at C$14.25 on Friday. MDA Space has a fifty-two week low of C$9.99 and a fifty-two week high of C$15.45. The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 52.23. The firm’s 50-day simple moving average is C$12.77 and its 200-day simple moving average is C$13.39. The company has a market cap of C$1.71 billion, a price-to-earnings ratio of 37.50 and a beta of 0.14.

Insider Activity at MDA Space

In other news, Director Brendan Paddick bought 85,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were bought at an average cost of C$11.96 per share, for a total transaction of C$1,016,600.00. 12.63% of the stock is currently owned by company insiders.

MDA Space Company Profile

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.