Methanex (TSE: MX) had its price target upped by Cowen and Company to C$51.00 in a research note issued to investors on Friday, Stock Ratings Network reports. The firm currently has an outperform rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Monness Crespi & Hardt initiated coverage on shares of Methanex in a research note to investors on Tuesday, June 11th. They set a buy rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Methanex from C$41.00 to C$43.00 in a research note to investors on Friday, April 26th. They now have a hold rating on the stock.
One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of C$42.29.
Methanex (TSE: MX) traded down 0.40% on Friday, hitting $47.89. Methanex has a 1-year low of $26.04 and a 1-year high of $48.25. The stock’s 50-day moving average is currently $45.02. The company’s market cap is $4.547 billion.
Methanex Corporation (TSE: MX) is a supplier of methanol to international markets in Asia Pacific, North America, Europe and Latin America.