Yung Cheng Wu Buys 3,800 Shares of MDA Space Ltd. (TSE:MDA) Stock

MDA Space Ltd. (TSE:MDA) Director Yung Cheng Wu bought 3,800 shares of MDA Space stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average price of C$28.49 per share, with a total value of C$108,262.00.

MDA Space Stock Up 0.6 %

Shares of TSE MDA opened at C$26.82 on Friday. The stock has a market capitalization of C$3.22 billion, a P/E ratio of 70.58 and a beta of 0.02. The stock’s fifty day moving average is C$21.78 and its 200 day moving average is C$16.35. MDA Space Ltd. has a 52 week low of C$10.65 and a 52 week high of C$28.07. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MDA shares. Canaccord Genuity Group raised their price objective on MDA Space from C$21.00 to C$27.00 in a report on Monday, November 4th. Cormark boosted their price objective on shares of MDA Space from C$30.00 to C$31.00 in a research note on Monday, November 18th. BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$15.00 to C$28.00 in a report on Monday, November 4th. Ci Capital raised their target price on shares of MDA Space from C$15.00 to C$26.00 in a research note on Monday, November 18th. Finally, Royal Bank of Canada lifted their price target on MDA Space from C$28.00 to C$30.00 in a report on Wednesday, November 20th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$27.83.

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.