Maxar Technologies (MAXR) Price Target Cut to C$29.00

Maxar Technologies (TSE:MAXR) had its target price reduced by CIBC from C$38.50 to C$29.00 in a research note issued to investors on Wednesday. CIBC’s target price indicates a potential upside of 25.00% from the stock’s current price.

Several other analysts also recently commented on the stock. National Bank Financial cut their price objective on shares of Maxar Technologies from C$60.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Thursday, November 1st. BMO Capital Markets cut their price objective on shares of Maxar Technologies from C$76.00 to C$35.00 in a research report on Thursday, November 1st. Finally, Royal Bank of Canada cut their price objective on shares of Maxar Technologies from C$75.00 to C$73.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 24th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$58.88.

Shares of TSE:MAXR traded up C$2.25 during midday trading on Wednesday, reaching C$23.20. The company’s stock had a trading volume of 526,846 shares, compared to its average volume of 335,097. Maxar Technologies has a 12-month low of C$17.68 and a 12-month high of C$86.67.

About Maxar Technologies

Maxar Technologies Ltd., a space and geospatial intelligence company, provides satellites, earth imagery, geospatial data, and analytics for the commercial and government customers worldwide. The company operates through three segments: Space Systems, Imagery, and Services. The Space Systems segment supplies space and ground based infrastructure and information solutions, including communication and imaging satellites, payloads and antenna subsystems, space-based and airborne surveillance solutions, and associated ground infrastructure and support services for communications and surveillance and intelligence applications.

Further Reading: Earnings Per Share

Analyst Recommendations for Maxar Technologies (TSE:MAXR)

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