Methanex Co. (TSE:MX) (NASDAQ:MEOH) had its target price boosted by investment analysts at Royal Bank Of Canada to C$73.00 in a research report issued to clients and investors on Friday, October 27th, StockTargetPrices.com reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 11.54% from the company’s current price.
MX has been the subject of a number of other research reports. BMO Capital Markets reissued an “outperform” rating and issued a C$57.00 target price on shares of Methanex in a research note on Thursday, July 6th. Scotiabank reissued a “sector perform” rating and issued a C$67.00 target price on shares of Methanex in a research note on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of C$70.10.
Shares of Methanex (TSE MX) opened at C$65.45 on Friday. Methanex has a 52 week low of C$50.15 and a 52 week high of C$69.88.
In other Methanex news, Director John Floren sold 450 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of C$65.32, for a total transaction of C$29,394.00. Also, Director Dean Richardson sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of C$49.93, for a total value of C$74,895.00. Insiders have sold a total of 9,150 shares of company stock valued at $498,244 in the last ninety days.
Methanex Company Profile
Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.
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