Methanex Co. (MX) Director Mike Herz Sells 6,000 Shares
Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Mike Herz sold 6,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of C$65.50, for a total value of C$393,000.00.
Methanex Co. (TSE MX) traded up C$0.41 during trading on Tuesday, reaching C$64.71. 253,227 shares of the company’s stock traded hands, compared to its average volume of 336,758. Methanex Co. has a 52-week low of C$51.55 and a 52-week high of C$69.88.
Several analysts recently issued reports on MX shares. Raymond James Financial, Inc. lowered Methanex from an “outperform” rating to a “market perform” rating and set a C$77.00 price objective for the company. in a report on Tuesday, October 31st. Royal Bank Of Canada increased their price objective on Methanex to C$73.00 and gave the stock a “sector perform” rating in a report on Friday, October 27th. BMO Capital Markets reiterated an “outperform” rating and set a C$57.00 price objective on shares of Methanex in a report on Monday, September 18th. Scotiabank reiterated a “sector perform” rating and set a C$67.00 price objective on shares of Methanex in a report on Wednesday, October 18th. Finally, TD Securities increased their price objective on Methanex to C$75.50 and gave the stock a “buy” rating in a report on Friday, October 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$70.10.
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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