TD Securities Increases Magellan Aerospace Corp (MAL) Price Target to C$23.00
Magellan Aerospace Corp (TSE:MAL) had its price target hoisted by equities research analysts at TD Securities from C$22.00 to C$23.00 in a research report issued on Tuesday. The firm currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 28.21% from the stock’s previous close.
Separately, Canaccord Genuity reissued a “buy” rating and issued a C$21.00 price objective on shares of Magellan Aerospace Corp in a report on Monday, October 24th.
Shares of Magellan Aerospace Corp (TSE:MAL) opened at 17.94 on Tuesday. The stock has a 50 day moving average of $17.13 and a 200-day moving average of $17.39. Magellan Aerospace Corp has a 52 week low of $13.50 and a 52 week high of $19.97. The stock has a market cap of $1.04 billion and a PE ratio of 11.71.
Magellan Aerospace Corp Company Profile
Magellan Aerospace Corporation is a Canada-based supplier of components to the aerospace industry and in certain applications for power generation projects. The Company engineers and manufactures aeroengine and aerostructure components for aerospace markets, including products for defense and space markets, and complementary specialty products.
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