Methanex Co. (TSE:MX) Given Consensus Recommendation of "Buy" by Analysts

Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH has been given a consensus rating of "Buy" by the six analysts that are currently covering the stock, Marketbeat reports. One 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 12-month price target among brokerages that have issued a report on the stock in the last year is C$46.50.

A number of brokerages have issued reports on MX. Scotiabank set a C$53.00 target price on shares of Methanex and gave the stock an "outperform" rating in a research report on Friday, June 13th. Raymond James Financial set a C$40.00 price objective on shares of Methanex and gave the company an "outperform" rating in a research report on Friday, June 13th.

Insider Activity

In related news, Director Rich Sumner acquired 1,479 shares of the stock in a transaction on Friday, June 20th. The shares were acquired at an average price of C$50.65 per share, with a total value of C$74,907.36. 0.35% of the stock is owned by corporate insiders.

Methanex Stock Down 1.4%

Shares of MX stock opened at C$46.32 on Tuesday. The company has a debt-to-equity ratio of 148.53, a quick ratio of 1.59 and a current ratio of 1.34. The firm's 50-day moving average is C$46.42 and its 200-day moving average is C$54.90. The stock has a market cap of C$2.21 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.44 and a beta of 1.79. Methanex has a 52-week low of C$36.10 and a 52-week high of C$78.18.

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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