Methanex (TSE:MX – Get Free Report) (NASDAQ:MEOH) has been assigned a C$40.00 price objective by analysts at Raymond James in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential downside of 18.30% from the stock’s current price.
Separately, Scotiabank raised Methanex from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 5th. One research analyst has rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$46.50.
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Methanex Price Performance
About Methanex
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.
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