MDA Space (TSE:MDA) PT Set at C$55.00 by National Bank Financial

MDA Space (TSE:MDA) has been given a C$55.00 target price by investment analysts at National Bank Financial in a report released on Tuesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 33.04% from the stock’s previous close.

Several other brokerages have also recently commented on MDA. ATB Cormark Capital Markets dropped their target price on shares of MDA Space from C$51.00 to C$48.00 and set a “sector perform” rating for the company in a research report on Monday, August 10th. BMO Capital Markets raised their price target on MDA Space from C$53.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Monday, June 22nd. Scotia lifted their price objective on MDA Space from C$53.00 to C$70.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 28th. Jefferies Financial Group upgraded MDA Space to a “strong-buy” rating in a report on Wednesday, June 10th. Finally, Royal Bank Of Canada increased their target price on MDA Space from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$63.64.

MDA Space Trading Up 3.0%

TSE MDA traded up C$1.20 during trading hours on Tuesday, hitting C$41.34. The company’s stock had a trading volume of 611,062 shares, compared to its average volume of 1,214,358. The stock has a fifty day moving average of C$44.21 and a 200 day moving average of C$46.85. MDA Space has a twelve month low of C$20.85 and a twelve month high of C$67.90. The firm has a market capitalization of C$6.70 billion, a P/E ratio of 52.33 and a beta of -0.19. The company has a quick ratio of 1.00, a current ratio of 0.75 and a debt-to-equity ratio of 20.01.

About MDA Space

Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one.