Methanex Corporation Price Target Increased to $59.00 by Analysts at UBS AG (MEOH)
Equities research analysts at UBS AG raised their price target on shares of Methanex Corporation (NASDAQ:MEOH) to $59.00 in a research note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target points to a potential upside of 10.69% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of Methanex Corporation to $65.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.83.
Shares of Methanex Corporation (NASDAQ:MEOH) traded up 1.96% on Friday, hitting $54.345. The stock had a trading volume of 254,223 shares. Methanex Corporation has a 52 week low of $28.20 and a 52 week high of $53.58. The stock’s 50-day moving average is $49.88 and its 200-day moving average is $45.19. The company’s market cap is $5.182 billion.
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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