Scotiabank reissued their sector perform rating on shares of Methanex Co. (TSE:MX) (NASDAQ:MEOH) in a report released on Wednesday morning. The firm currently has a C$51.00 target price on the stock.

Several other equities analysts have also recently issued reports on MX. TD Securities lifted their price objective on Methanex from C$40.00 to C$47.00 and gave the company a hold rating in a research note on Wednesday, December 21st. Raymond James Financial, Inc. cut Methanex from an outperform rating to a market perform rating and set a C$48.00 price objective for the company. in a research note on Tuesday, January 3rd. BMO Capital Markets set a C$53.00 price objective on Methanex and gave the company an outperform rating in a research note on Tuesday, January 3rd. Finally, Royal Bank of Canada reiterated a sector perform rating and issued a C$56.00 price objective on shares of Methanex in a research note on Friday, January 20th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of C$54.00.

Analyst Recommendations for Methanex (TSE:MX)

Methanex (TSE:MX) opened at 61.75 on Wednesday. Methanex has a 12-month low of $35.01 and a 12-month high of $69.88. The stock’s 50 day moving average is $65.24 and its 200 day moving average is $55.70. The firm’s market cap is $5.55 billion.

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Methanex Company Profile

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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