MDA Space (NYSE:MDA) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of MDA Space (NYSE:MDA) in a research report sent to investors on Monday,Benzinga reports. The brokerage issued an overweight rating and a $34.00 price objective on the stock.

Separately, Jefferies Financial Group began coverage on MDA Space in a research note on Monday. They issued a “buy” rating and a $41.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $37.50.

MDA Space Price Performance

MDA traded up $0.12 during trading on Monday, reaching $29.52. The stock had a trading volume of 19,940 shares, compared to its average volume of 853,479. MDA Space has a one year low of $23.23 and a one year 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.