Canaccord Genuity Group Cuts MDA Space (TSE:MDA) Price Target to C$36.00

MDA Space (TSE:MDA) had its target price trimmed by Canaccord Genuity Group from C$37.00 to C$36.00 in a research note released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Scotiabank raised their target price on MDA Space from C$28.50 to C$34.00 in a research report on Monday, March 10th. Citigroup increased their price objective on MDA Space from C$26.00 to C$30.00 in a research note on Thursday, January 30th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$32.00.

MDA Space Trading Down 0.1%

MDA stock opened at C$28.13 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94. MDA Space has a 12-month low of C$11.44 and a 12-month high of C$30.00. The stock has a market cap of C$3.43 billion, a price-to-earnings ratio of 50.00 and a beta of 0.02. The business’s 50-day moving average is C$25.91 and its 200 day moving average is C$26.30.

Insiders Place Their Bets

In other MDA Space news, Senior Officer Guillaume Lavoie bought 1,150 shares of MDA Space stock in a transaction on Tuesday, May 13th. The shares were bought at an average price of C$24.75 per share, for a total transaction of C$28,462.50. Corporate insiders own 12.60% of the company’s stock.

About MDA Space

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators.