Analyst Price Target is C$20.00
▲ +19.26% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Magellan Aerospace in the last 3 months. The average price target is C$20.00, with a high forecast of C$20.00 and a low forecast of C$20.00. The average price target represents a 19.26% upside from the last price of C$16.77.
Current Consensus is
Buy
The current consensus among 1 investment analysts is to buy stock in Magellan Aerospace. This Buy consensus rating has held steady for over two years.
Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount. The three geographic regions to which Magellan primarily sells are Canada, the United States, and Europe.
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