MDA Space (TSE:MDA) Given New C$30.00 Price Target at Citigroup

MDA Space (TSE:MDA) had its price target increased by Citigroup from C$26.00 to C$30.00 in a report released on Thursday,BayStreet.CA reports.

Other analysts also recently issued reports about the company. BMO Capital Markets upgraded MDA Space from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$15.00 to C$28.00 in a research note on Monday, November 4th. Canaccord Genuity Group upped their price target on shares of MDA Space from C$30.00 to C$34.00 in a research note on Friday, December 13th. Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Ci Capital upped their price target on MDA Space from C$15.00 to C$26.00 in a report on Monday, November 18th. Finally, Cormark upped their price target on shares of MDA Space from C$31.00 to C$38.00 in a report on Wednesday, December 11th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$31.29.

MDA Space Trading Down 1.8 %

TSE MDA opened at C$24.10 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79. The stock has a market capitalization of C$2.89 billion, a P/E ratio of 63.42 and a beta of 0.02. MDA Space has a 52-week low of C$11.08 and a 52-week high of C$30.00. The firm has a 50-day moving average price of C$28.08 and a 200 day moving average price of C$21.13.

Insiders Place Their Bets

In other news, Director John Carter Risley sold 61,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of C$28.06, for a total value of C$1,711,660.00. Also, Director Michael Philip Greenley sold 9,700 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$28.60, for a total transaction of C$277,420.00. Insiders have sold a total of 361,300 shares of company stock valued at $10,285,710 over the last quarter. Company insiders own 12.60% of the company’s stock.

About MDA Space

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.