MDA Space Ltd. (NYSE:MDA – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $42.19 and last traded at $40.85, with a volume of 129224 shares trading hands. The stock had previously closed at $37.87.
Analysts Set New Price Targets
Several equities analysts recently commented on MDA shares. Royal Bank Of Canada increased their target price on MDA Space from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Monday, May 11th. JPMorgan Chase & Co. increased their target price on MDA Space from $34.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday. Canaccord Genuity Group raised MDA Space to a “strong-buy” rating in a report on Wednesday, April 22nd. Zacks Research cut shares of MDA Space from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce began coverage on shares of MDA Space in a research report on Wednesday. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.33.
View Our Latest Report on MDA Space
MDA Space Trading Up 4.3%
MDA Space Company Profile
MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.
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