Magellan Aerospace Corp (TSE:MAL)‘s stock had its “buy” rating reiterated by TD Securities in a research note issued to investors on Monday, Analyst Ratings Net reports. They currently have a C$19.50 price target on the stock. TD Securities’ target price suggests a potential upside of 36.36% from the company’s previous close.

Separately, Paradigm Capital boosted their price objective on shares of Magellan Aerospace Corp from C$23.25 to C$23.75 and gave the stock a “buy” rating in a research report on Wednesday, November 18th.

Shares of Magellan Aerospace Corp (TSE:MAL) traded up 4.62% during midday trading on Monday, hitting $14.96. 20,652 shares of the stock were exchanged. The firm has a market cap of $870.79 million and a PE ratio of 12.15. Magellan Aerospace Corp has a 12-month low of $11.91 and a 12-month high of $20.25. The firm has a 50-day moving average price of $15.45 and a 200 day moving average price of $16.78.

Magellan Aerospace Corporation is a supplier of components to the aerospace industry and in certain applications for power generation projects. Through its wholly owned subsidiaries, it engineers and manufactures aeroengine and aero structure components for aerospace markets, including advanced products for defense and space markets and complementary specialty products. It operates in two segments: Aerospace and Power Generation Project. It supplies both the commercial and defense sectors of the Aerospace segment. In the commercial sector, it serves in commercial jet, business jet and helicopter markets. Within the Aerospace segment, it has two product groupings: aerostructures and aeroengines, which are used in new aircraft and for spares and replacement parts. It performs repair and overhaul services for jet engines. The Power Generation Project segment is a specialty product complementary. Its product for the Power Generation Project segment is an electric power generation project.

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