Dean Richardson Sells 1,500 Shares of Methanex Co. (MX) Stock
Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Dean Richardson sold 1,500 shares of Methanex stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of C$49.93, for a total value of C$74,895.00.
Dean Richardson also recently made the following trade(s):
- On Wednesday, August 9th, Dean Richardson sold 200 shares of Methanex stock. The shares were sold at an average price of C$44.50, for a total value of C$8,900.00.
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MX has been the topic of a number of recent research reports. TD Securities lifted their target price on Methanex to C$75.50 and gave the company a “buy” rating in a research report on Friday, October 27th. Raymond James Financial, Inc. lowered Methanex from an “outperform” rating to a “market perform” rating and set a C$77.00 target price on the stock. in a research report on Tuesday. BMO Capital Markets reissued an “outperform” rating and issued a C$57.00 target price on shares of Methanex in a research report on Monday, September 18th. Royal Bank Of Canada lifted their target price on Methanex to C$73.00 and gave the company a “sector perform” rating in a research report on Friday, October 27th. Finally, Scotiabank reissued a “sector perform” rating and issued a C$68.00 target price on shares of Methanex in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Methanex presently has an average rating of “Hold” and a consensus price target of C$70.10.
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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