Analysts Set Methanex Co. (TSE:MX) Target Price at C$46.50

Methanex Co. (TSE:MX) (NASDAQ:MEOH) has earned an average recommendation of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$46.50.

Several equities analysts have recently commented on the stock. Scotiabank set a C$53.00 target price on shares of Methanex and gave the stock an “outperform” rating in a 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 report on Friday.

Methanex Price Performance

MX stock opened at C$48.96 on Friday. The firm has a market cap of C$2.33 billion, a P/E ratio of 15.39, 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 company has a debt-to-equity ratio of 148.53, a quick ratio of 1.59 and a current ratio of 1.34. The firm’s fifty day moving average is C$43.82 and its 200 day moving average is C$57.05.

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.