Methanex (TSE:MX) PT Set at C$53.00 by Scotiabank

Scotiabank set a C$53.00 target price on Methanex (TSE:MX) (NASDAQ:MEOH) in a research report sent to investors on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, Raymond James set a C$40.00 price objective on Methanex and gave the company an “outperform” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$46.50.

Methanex Stock Up 4.4%

Shares of TSE MX opened at C$48.96 on Friday. The stock has a market cap of C$2.33 billion, a PE ratio of 15.39, a PEG ratio of 0.44 and a beta of 1.79. The business has a fifty day moving average of C$43.82 and a two-hundred day moving average of C$57.16. 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.

About Methanex

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.