Methanex Co. (MX) Earns Outperform Rating from BMO Capital Markets
BMO Capital Markets restated their outperform rating on shares of Methanex Co. (TSE:MX) (NASDAQ:MEOH) in a research report report published on Thursday. The firm currently has a C$57.00 price target on the stock.
Other analysts have also issued reports about the stock. Royal Bank Of Canada cut their price target on shares of Methanex to C$73.50 and set a sector perform rating on the stock in a research note on Friday, April 28th. Scotiabank reiterated a sector perform rating and set a C$69.00 price target on shares of Methanex in a research note on Tuesday, July 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of C$59.50.
Methanex (MX) opened at 56.09 on Thursday. The firm’s 50-day moving average is $56.51 and its 200 day moving average is $61.02. The company has a market capitalization of $4.95 billion and a PE ratio of 35.39. Methanex has a one year low of $35.19 and a one year high of $69.88.
In related news, Director Mohamed Shindy acquired 1,500 shares of the stock in a transaction dated Tuesday, May 16th. The stock was acquired at an average cost of C$43.54 per share, with a total value of C$65,310.00. Also, Director Paul Hexter sold 2,000 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of C$55.75, for a total value of C$111,500.00. Over the last three months, insiders have bought 2,030 shares of company stock valued at $96,218.
Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.
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