Methanex Co. (MX) Director John Floren Sells 450 Shares of Stock
Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director John Floren sold 450 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of C$65.32, for a total transaction of C$29,394.00.
Methanex Co. (TSE:MX) opened at 64.37 on Tuesday. The company’s 50 day moving average is $63.42 and its 200-day moving average is $59.22. Methanex Co. has a 52-week low of $46.21 and a 52-week high of $69.88. The stock has a market cap of $5.54 billion and a PE ratio of 25.05.
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MX has been the subject of a number of analyst reports. Scotiabank reiterated a “sector perform” rating and issued a C$68.00 price objective on shares of Methanex in a research report on Thursday, October 26th. Royal Bank Of Canada upped their price target on shares of Methanex to C$73.00 and gave the stock a “sector perform” rating in a research report on Friday. BMO Capital Markets restated an “outperform” rating and set a C$57.00 price target on shares of Methanex in a research report on Monday, September 18th. Finally, TD Securities upped their price target on shares of Methanex to C$75.50 and gave the stock a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$64.30.
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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