Methanex (MX) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Methanex (TSE: MX):

  • 10/31/2017 – Methanex was downgraded by analysts at Raymond James Financial, Inc. from an “outperform” rating to a “market perform” rating. They now have a C$77.00 price target on the stock.
  • 10/27/2017 – Methanex had its price target raised by analysts at TD Securities to C$75.50. They now have a “buy” rating on the stock.
  • 10/27/2017 – Methanex had its price target raised by analysts at Royal Bank Of Canada to C$73.00. They now have a “sector perform” rating on the stock.
  • 10/26/2017 – Methanex had its “sector perform” rating reaffirmed by analysts at Scotiabank. They now have a C$68.00 price target on the stock.
  • 10/18/2017 – Methanex had its “sector perform” rating reaffirmed by analysts at Scotiabank. They now have a C$67.00 price target on the stock.
  • 9/18/2017 – Methanex had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a C$57.00 price target on the stock.

In other news, insider Simon Christopher Maddren sold 5,000 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of C$56.15, for a total value of C$280,750.00. Also, insider David Valembois sold 2,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$51.90, for a total transaction of C$103,800.00. Over the last three months, insiders have sold 7,850 shares of company stock worth $432,249.

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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