Methanex (TSE:MX) Given a C$40.00 Price Target at Raymond James

Raymond James set a C$40.00 price objective on Methanex (TSE:MX - Free Report) NASDAQ: MEOH in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Separately, Scotiabank upgraded Methanex from a "hold" rating to a "strong-buy" rating in a report on Monday, May 5th. One research analyst has rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Methanex currently has an average rating of "Buy" and an average price target of C$46.50.

Methanex Price Performance

TSE:MX traded up C$2.07 during trading hours on Friday, reaching C$48.96. The company had a trading volume of 422,493 shares, compared to its average volume of 197,475. The stock has a 50-day moving average of C$43.82 and a two-hundred day moving average of C$57.16. Methanex has a one year low of C$36.10 and a one year high of C$78.18. The firm has a market capitalization of C$2.33 billion, a PE ratio of 15.39, a PEG ratio of 0.44 and a beta of 1.79. The company has a quick ratio of 1.59, a current ratio of 1.34 and a debt-to-equity ratio of 148.53.

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.