Methanex Co. (TSE:MX) Director Rich Sumner Acquires 1,479 Shares

Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH Director Rich Sumner acquired 1,479 shares of Methanex stock in a transaction dated 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.

Methanex Stock Performance

Methanex stock traded up C$1.14 during midday trading on Thursday, hitting C$47.48. The company's stock had a trading volume of 254,895 shares, compared to its average volume of 210,915. The company has a debt-to-equity ratio of 148.53, a current ratio of 1.34 and a quick ratio of 1.59. The company has a market cap of C$2.26 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 0.44 and a beta of 1.79. Methanex Co. has a 1-year low of C$36.10 and a 1-year high of C$78.18. The company has a 50-day moving average price of C$45.48 and a two-hundred day moving average price of C$56.16.

Analysts Set New Price Targets

A number of research analysts have recently commented on MX shares. 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, June 13th. Raymond James Financial set a C$40.00 price target on 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 assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$46.50.

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.