Methanex (MX) Reaches New 12-Month High at $77.00
Methanex Co. (TSE:MX) (NASDAQ:MEOH) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$77.00 and last traded at C$75.59, with a volume of 161769 shares. The stock had previously closed at C$75.13.
Several research analysts have recently issued reports on MX shares. BMO Capital Markets restated an “outperform” rating and issued a C$57.00 price target on shares of Methanex in a research report on Monday, September 18th. Scotiabank reiterated a “sector perform” rating and set a C$67.00 target price on shares of Methanex in a report on Wednesday, October 18th. Royal Bank of Canada lifted their target price on Methanex to C$73.00 and gave the stock a “sector perform” rating in a report on Friday, October 27th. TD Securities lifted their target price on Methanex to C$75.50 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Raymond James Financial lowered Methanex from an “outperform” rating to a “market perform” rating and set a C$77.00 target price on the stock. in a report on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Methanex presently has an average rating of “Hold” and a consensus price target of C$72.00.
The company has a market cap of $6,330.00, a price-to-earnings ratio of 19.55 and a beta of 1.43.
WARNING: “Methanex (MX) Reaches New 12-Month High at $77.00” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://theolympiareport.com/2017/12/29/methanex-mx-reaches-new-12-month-high-at-77-00.html.
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.
Receive News & Ratings for Methanex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methanex and related companies with MarketBeat.com's FREE daily email newsletter.