Canaccord Genuity Cuts Maxar Technologies (MAXR) Price Target to C$70.00

Maxar Technologies (TSE:MAXR) had its price objective dropped by analysts at Canaccord Genuity from C$90.00 to C$70.00 in a research note issued on Friday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 6.64% from the company’s current price.

Other research analysts also recently issued research reports about the stock. CIBC decreased their price target on shares of Maxar Technologies from C$90.00 to C$88.00 in a research note on Friday. Scotiabank downgraded shares of Maxar Technologies from an “outperform” rating to a “sector perform” rating and set a C$77.00 price target for the company. in a research note on Friday, November 3rd. BMO Capital Markets lifted their price target on shares of Maxar Technologies from C$81.00 to C$89.00 in a research note on Friday, November 3rd. TD Securities lifted their price target on shares of Maxar Technologies from C$87.00 to C$93.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, National Bank Financial lifted their price target on shares of Maxar Technologies from C$73.00 to C$90.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Maxar Technologies currently has a consensus rating of “Buy” and an average price target of C$86.78.

Maxar Technologies (TSE:MAXR) traded down C$9.12 during midday trading on Friday, hitting C$65.64. 891,559 shares of the stock traded hands, compared to its average volume of 240,176. Maxar Technologies has a twelve month low of C$64.73 and a twelve month high of C$86.67. The stock has a market capitalization of $4,170.00, a price-to-earnings ratio of 31.06 and a beta of 0.17.

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About Maxar Technologies

Maxar Technologies Ltd., a communications and information company, provides operational solutions to commercial and government organizations worldwide. The company operates in two segments, Communications, and Surveillance and Intelligence. The Communications segment offers solutions for the delivery of a range of services, including television and radio distribution, broadband Internet, and mobile communications.

Analyst Recommendations for Maxar Technologies (TSE:MAXR)

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