In a latest note to investors, a research analyst has provided a rating update for the Consumer Goods sector company, Magellan Aerospace (MAL). Analyst Tim James from TD Securities rated Magellan Aerospace (MAL) a Buy today, setting a C$22 price target.
According to TipRanks.com, James is ranked #1404 out of 4918 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Magellan Aerospace with a C$21 average price target, representing a 18.4% upside. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a C$21 price target.
Magellan Aerospace’s market cap is currently C$1.09B and has a P/E ratio of 11.9. The company has a Price to Book ratio of 1.46.
Magellan Aerospace Corp. engages in the provision of complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies. Its products include aeroengines, aerostructures, wire strike protection system, rockets, space, sand castings, power generation, and supporting materials.
The company’s shares closed on Thursday at C$17.74.