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Canaccord Genuity Keeps Their Buy Rating on MDA Ltd (MDA)

Canaccord Genuity Keeps Their Buy Rating on MDA Ltd (MDA)

Canaccord Genuity analyst Doug Taylor maintained a Buy rating on MDA Ltd today and set a price target of C$45.00. The company's shares opened today at C$39.59.
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Taylor covers the Technology sector, focusing on stocks such as Kraken Robotics Systems Inc, Computer Modelling, and D2L. According to TipRanks, Taylor has an average return of 22.9% and a 57.53% success rate on recommended stocks.
In addition to Canaccord Genuity, MDA Ltd also received a Buy from RBC Capital's Kenneth Herbert in a report issued on July 3. However, on the same day, Scotiabank downgraded MDA Ltd (TSX: MDA) to a Hold.
The company has a one-year high of C$40.27 and a one-year low of C$11.78. Currently, MDA Ltd has an average volume of 452.6K.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MDA in relation to earlier this year.
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