Methanex Corporation PT Raised to $58.00 at Monness Crespi & Hardt (MEOH)
Analysts at Monness Crespi & Hardt hoisted their price objective on shares of Methanex Corporation (NASDAQ:MEOH) from $52.00 to $58.00 in a research report issued to clients and investors on Friday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Monness Crespi & Hardt’s price objective would indicate a potential upside of 14.31% from the company’s current price.
Methanex Corporation (NASDAQ:MEOH) opened at 50.74 on Friday. Methanex Corporation has a 52-week low of $27.95 and a 52-week high of $52.51. The stock has a 50-day moving average of $48.73 and a 200-day moving average of $44.36. The company’s market cap is $4.839 billion.
MEOH has been the subject of a number of other recent research reports. Analysts at Scotiabank downgraded shares of Methanex Corporation (NASDAQ:MEOH) from an “outperform” rating to a “sector perform” rating in a research note to investors on Friday, September 20th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Methanex Corporation (NASDAQ:MEOH) in a research note to investors on Tuesday, September 17th. They now have a $53.00 price target on the stock. Finally, analysts at BMO Capital Markets reiterated a “buy” rating on shares of Methanex Corporation (NASDAQ:MEOH) in a research note to investors on Friday, September 13th. They now have a $51.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $49.83.
Methanex Corporation (NASDAQ:MEOH) produces and markets methanol, a chemical that is used to make a range of industrial, consumer and energy products.
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