Methanex (TSE:MX) Given a C$53.00 Price Target at Scotiabank

Scotiabank set a C$53.00 price target on Methanex (TSE:MX) (NASDAQ:MEOH) in a report released 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 research report on Friday. One research analyst has rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$46.50.

Methanex Stock Up 4.4%

MX opened at C$48.96 on Friday. Methanex has a 1-year low of C$36.10 and a 1-year high of C$78.18. The company has a current ratio of 1.34, a quick ratio of 1.59 and a debt-to-equity ratio of 148.53. The stock has a market capitalization of C$2.33 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 0.44 and a beta of 1.79. The business has a 50 day moving average of C$43.82 and a 200-day moving average of C$57.16.

Methanex Company Profile

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.