Jefferies Financial Group Begins Coverage on MDA Space (NYSE:MDA)

Jefferies Financial Group started coverage on shares of MDA Space (NYSE:MDA) in a note issued to investors on Monday,Benzinga reports. The brokerage set a “buy” rating and a $41.00 price target on the stock. Jefferies Financial Group’s target price suggests a potential upside of 38.42% from the company’s previous close.

MDA Space Price Performance

NYSE:MDA traded up $0.22 on Monday, reaching $29.62. The stock had a trading volume of 33,686 shares, compared to its average volume of 853,825. MDA Space has a 12-month low of $23.23 and a 12-month high of $33.75.

About MDA Space

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.