Methanex Co. (TSE:MX) Receives C$46.50 Consensus Target Price from Analysts

Shares of Methanex Co. (TSE:MX) (NASDAQ:MEOH) have earned a consensus rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, two have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$46.50.

Several equities research analysts have recently commented on MX shares. Raymond James Financial set a C$40.00 price objective on shares of Methanex and gave the stock an “outperform” rating in a research note on Friday, June 13th. Scotiabank set a C$53.00 target price on shares of Methanex and gave the company an “outperform” rating in a research report on Friday, June 13th.

Methanex Trading Up 2.1%

TSE:MX opened at C$49.35 on Friday. Methanex has a 12 month low of C$36.10 and a 12 month high of C$78.18. The firm has a fifty day simple moving average of C$44.19 and a 200-day simple moving average of C$56.82. The company has a current ratio of 1.34, a quick ratio of 1.59 and a debt-to-equity ratio of 148.53. The company has a market capitalization of C$2.35 billion, a P/E ratio of 15.51, a PEG ratio of 0.44 and a beta of 1.79.

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.