Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH Director Rich Sumner purchased 1,479 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average cost of C$50.65 per share, with a total value of C$74,907.36.
Methanex Stock Performance
Shares of TSE:MX traded down C$3.31 during mid-day trading on Monday, reaching C$47.95. The company had a trading volume of 426,067 shares, compared to its average volume of 207,658. Methanex Co. has a one year low of C$36.10 and a one year high of C$78.18. 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's 50-day moving average price is C$44.92 and its 200-day moving average price is C$56.50. The firm has a market cap of C$2.29 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 0.44 and a beta of 1.79.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Scotiabank set a C$53.00 price objective on Methanex and gave the stock an "outperform" rating in a report on Friday, June 13th. Raymond James Financial set a C$40.00 target price on shares of Methanex and gave the stock an "outperform" rating in a report on Friday, June 13th. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$46.50.
View Our Latest Analysis on MX
Methanex Company Profile
(
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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.
See Also
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