Citigroup Boosts MDA Space (TSE:MDA) Price Target to C$30.00

MDA Space (TSE:MDA) had its price target raised by stock analysts at Citigroup from C$26.00 to C$30.00 in a note issued to investors on Thursday,BayStreet.CA reports. Citigroup’s price objective would suggest a potential upside of 30.10% from the company’s current price.

A number of other research firms have also recently issued reports on MDA. Canaccord Genuity Group boosted their target price on MDA Space from C$30.00 to C$34.00 in a research note on Friday, December 13th. Cormark increased their target price on MDA Space from C$31.00 to C$38.00 in a research note on Wednesday, December 11th. Desjardins raised shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. BMO Capital Markets raised shares of MDA Space from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$15.00 to C$28.00 in a research report on Monday, November 4th. Finally, Ci Capital upped their target price on shares of MDA Space from C$15.00 to C$26.00 in a research note on Monday, November 18th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, MDA Space has an average rating of “Buy” and an average target price of C$31.29.

MDA Space Stock Down 4.3 %

Shares of TSE:MDA opened at C$23.06 on Thursday. The company has a 50 day moving average price of C$28.03 and a two-hundred day moving average price of C$21.21. The company has a market capitalization of C$2.77 billion, a PE ratio of 60.68 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 company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00.

Insider Activity at MDA Space

In other MDA Space news, Director Michael Philip Greenley sold 9,700 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$28.60, for a total value of C$277,420.00. Also, Director John Carter Risley sold 61,000 shares of the company’s stock in a transaction that occurred on 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. Over the last 90 days, insiders sold 361,300 shares of company stock valued at $10,285,710. Corporate 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.