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

Shares of Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH have received a consensus rating of "Buy" from the six brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$46.50.

Several brokerages have issued reports on MX. Raymond James set a C$40.00 price target on Methanex and gave the stock an "outperform" rating in a research note on Friday. Scotiabank set a C$53.00 price target on Methanex and gave the stock an "outperform" rating in a research note on Friday.

Methanex Price Performance

TSE:MX traded down C$0.61 during trading hours on Friday, hitting C$48.35. 300,021 shares of the company's stock traded hands, compared to its average volume of 198,367. The firm has a market cap of C$2.30 billion, a P/E ratio of 15.19, a P/E/G 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. The business's fifty day simple moving average is C$44.05 and its two-hundred day simple moving average is C$56.93. The company has a quick ratio of 1.59, a current ratio of 1.34 and a debt-to-equity ratio of 148.53.

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.