Royal Bank Of Canada Reaffirms MDA Space as an Outperform Stock

MDA Space (NYSE:MDA) has been reaffirmed as an 'outperform' stock by Royal Bank Of Canada, with a price target of $60.00.

This is not the first time the bank has given this rating to MDA Space, and other analysts have also weighed in on the company's performance.

Scotiabank has restated its 'outperform' rating, while Canaccord Genuity Group upgraded shares of MDA Space to a 'strong-buy' rating. Deutsche Bank Aktiengesellschaft reaffirmed a 'buy' rating with a price target of $41.00.

JPMorgan Chase & Co. raised their price target on MDA Space from $34.00 to $43.00 and gave the company an 'overweight' rating.

MDA Space stock has seen significant trading activity, with 111,587 shares exchanged on Monday at a price of $36.10.