Methanex (TSE:MX) Given a C$53.00 Price Target by Scotiabank Analysts

Scotiabank set a C$53.00 target price on Methanex (TSE:MX) (NASDAQ:MEOH) in a research report released on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Separately, Raymond James set a C$40.00 price objective on Methanex and gave the stock an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$46.50.

Methanex Trading Up 4.4%

Shares of TSE MX opened at C$48.96 on Friday. The company has a debt-to-equity ratio of 148.53, a current ratio of 1.34 and a quick ratio of 1.59. The stock has a market capitalization of C$2.33 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79. Methanex has a 1-year low of C$36.10 and a 1-year high of C$78.18. The business has a fifty day moving average price of C$43.82 and a 200 day moving average price of C$57.05.

Methanex Company Profile

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.