MDA Space (TSE:MDA – Free Report) had its target price boosted by Royal Bank Of Canada from C$58.00 to C$60.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus upped their price objective on shares of MDA Space from C$70.00 to C$75.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Morgan Stanley lifted their target price on shares of MDA Space from C$51.00 to C$58.00 in a report on Friday, May 8th. Canaccord Genuity Group boosted their price target on MDA Space from C$56.00 to C$65.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Scotia upped their price target 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. Finally, Canadian Imperial Bank of Commerce cut their price target on MDA Space from C$67.00 to C$59.00 in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, MDA Space currently has a consensus rating of “Buy” and a consensus target price of C$64.50.
Check Out Our Latest Analysis on MDA
MDA Space Stock Up 4.4%
Insider Activity
In related news, insider Guillaume Lavoie sold 688 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of C$55.62, for a total transaction of C$38,266.56. Following the sale, the insider directly owned 5,569 shares of the company’s stock, valued at approximately C$309,747.78. This represents a 11.00% decrease in their position. Also, insider Holly Lynn Johnson sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of C$52.79, for a total transaction of C$2,375,550.00. Following the sale, the insider owned 60,331 shares of the company’s stock, valued at approximately C$3,184,873.49. This represents a 42.72% decrease in their ownership of the stock. Over the last 90 days, insiders sold 119,269 shares of company stock valued at $6,318,903. Company insiders own 12.60% of the company’s stock.
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.
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