Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director John Floren sold 20,000 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of C$72.85, for a total value of C$1,457,000.00.
John Floren also recently made the following trade(s):
- On Monday, October 30th, John Floren sold 450 shares of Methanex stock. The shares were sold at an average price of C$65.32, for a total value of C$29,394.00.
Shares of Methanex Co. (TSE MX) traded up C$1.36 during trading hours on Wednesday, reaching C$73.28. The company had a trading volume of 452,790 shares, compared to its average volume of 332,803. Methanex Co. has a twelve month low of C$52.63 and a twelve month high of C$74.94.
A number of brokerages have recently commented on MX. Scotiabank reiterated a “sector perform” rating and issued a C$67.00 price target on shares of Methanex in a research note on Wednesday, October 18th. Raymond James Financial cut Methanex from an “outperform” rating to a “market perform” rating and set a C$77.00 price target for the company. in a research note on Tuesday, October 31st. TD Securities increased their price target on Methanex to C$75.50 and gave the company a “buy” rating in a research note on Friday, October 27th. BMO Capital Markets reiterated an “outperform” rating and issued a C$57.00 price target on shares of Methanex in a research note on Monday, September 18th. Finally, Royal Bank of Canada increased their price target on Methanex to C$73.00 and gave the company a “sector perform” rating in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$70.10.
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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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