Methanex Corporation Price Target Increased to $65.00 by Analysts at Jefferies Group (MEOH)
Equities research analysts at Jefferies Group upped their target price on shares of Methanex Corporation (NASDAQ:MEOH) to $65.00 in a research note issued to investors on Tuesday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 24.54% from the stock’s previous close.
Methanex Corporation (NASDAQ:MEOH) traded up 1.03% during mid-day trading on Tuesday, hitting $52.73. 496,555 shares of the company’s stock traded hands. Methanex Corporation has a 52-week low of $28.20 and a 52-week high of $52.62. The stock has a 50-day moving average of $49.33 and a 200-day moving average of $45.00. The company’s market cap is $5.028 billion.
A number of other analysts have also recently weighed in on MEOH. Analysts at Monness Crespi & Hardt raised their price target on shares of Methanex Corporation from $52.00 to $58.00 in a research note to investors on Friday, September 27th. They now have a “buy” rating on the stock. Separately, analysts at Scotiabank downgraded shares of Methanex Corporation from an “outperform” rating to a “sector perform” rating in a research note to investors on Friday, September 20th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Methanex Corporation in a research note to investors on Tuesday, September 17th. They now have a $53.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $51.06.
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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