Methanex (TSE:MX) (NASDAQ:MEOH) had its price objective dropped by equities researchers at Sanford C. Bernstein from C$46.43 to C$41.89 in a research report issued on Monday. Sanford C. Bernstein’s price objective points to a potential downside of 45.23% from the company’s current price.
Other equities research analysts have also issued reports about the company. TD Securities upped their price target on Methanex to C$75.50 and gave the stock a “buy” rating in a research note on Friday, October 27th. Raymond James Financial lowered 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. Royal Bank of Canada upped their price target on Methanex to C$73.00 and gave the stock a “sector perform” rating in a research note on Friday, October 27th. Finally, Scotiabank restated a “sector perform” rating and set a C$68.00 price target on shares of Methanex in a research note on Thursday, October 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Methanex currently has an average rating of “Hold” and a consensus target price of C$66.98.
Shares of Methanex (TSE:MX) traded up C$0.81 during trading hours on Monday, reaching C$76.49. The company’s stock had a trading volume of 143,016 shares, compared to its average volume of 303,683. The firm has a market capitalization of $6,340.00, a price-to-earnings ratio of 20.09 and a beta of 1.43. Methanex has a 12 month low of C$52.63 and a 12 month high of C$80.61.
COPYRIGHT VIOLATION WARNING: “Methanex (MX) Price Target Cut to C$41.89” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/29/methanex-mx-price-target-cut-to-c41-89.html.
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.
Receive News & Ratings for Methanex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methanex and related companies with MarketBeat.com's FREE daily email newsletter.