Magellan Aerospace (OTCMKTS:MALJF) Given New C$8.00 Price Target at TD Securities

Magellan Aerospace (OTCMKTS:MALJF – Get Rating) had its price objective decreased by TD Securities from C$9.50 to C$8.00 in a report issued on Monday, The Fly reports.

Magellan Aerospace Stock Performance

OTCMKTS:MALJF opened at $5.47 on Monday. Magellan Aerospace has a 12-month low of $5.03 and a 12-month high of $8.00. The stock’s fifty day simple moving average is $6.64 and its 200-day simple moving average is $5.90.

Magellan Aerospace Company Profile

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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 aero engines, aero structures, wire strike protection system, rockets, space, sand castings, power generation, and supporting materials.