Methanex Co. (TSE:MX) Receives Average Recommendation of "Buy" from Brokerages

Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH has been assigned an average recommendation of "Buy" from the six research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$46.50.

MX has been the topic of several recent research reports. Scotiabank set a C$53.00 price objective on shares of Methanex and gave the company an "outperform" rating in a research report on Friday. Raymond James set a C$40.00 price objective on shares of Methanex and gave the company an "outperform" rating in a research report on Friday.

Methanex Stock Performance

Shares of Methanex stock traded up C$2.07 during trading hours on Friday, reaching C$48.96. The company's stock had a trading volume of 422,493 shares, compared to its average volume of 197,475. The company's 50 day simple moving average is C$43.82 and its 200 day simple moving average is C$57.16. The company has a debt-to-equity ratio of 148.53, a quick ratio of 1.59 and a current ratio of 1.34. Methanex has a one year low of C$36.10 and a one year high of C$78.18. The stock has a market cap 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.

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.