CIBC reissued their sector underperform rating on shares of Methanex (TSE:MX) in a research report released on Friday morning, Analyst Ratings Network.com reports. CIBC currently has a C$35.00 price objective on the stock.
A number of other firms have also recently commented on MX. Analysts at BMO Capital Markets raised their price target on shares of Methanex from C$47.00 to C$51.00 in a research note to investors on Tuesday, July 16th. They now have an outperform rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Methanex to C$51.00 in a research note to investors on Friday, July 12th. They now have an outperform rating on the stock. Finally, 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.
One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of C$45.14.
Shares of Methanex (TSE: MX) traded down 0.11% during mid-day trading on Friday, hitting $46.85. Methanex has a one year low of $26.04 and a one year high of $48.37. The stock’s 50-day moving average is currently $45.24. The company’s market cap is $4.448 billion.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.71%.
Methanex Corporation (TSE: MX) is a supplier of methanol to international markets in Asia Pacific, North America, Europe and Latin America.