Methanex (TSE:MX) Given a C$40.00 Price Target by Raymond James Analysts

Raymond James set a C$40.00 price objective on Methanex (TSE:MX) (NASDAQ:MEOH) in a research report sent to investors on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, Scotiabank raised shares of Methanex from a “hold” rating to a “strong-buy” rating in a report on Monday, May 5th. One investment 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$46.50.

Methanex Trading Up 4.4%

TSE MX opened at C$48.96 on Friday. The company’s fifty day simple moving average is C$43.82 and its 200-day simple moving average is 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 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 cap of C$2.33 billion, a P/E ratio of 15.39, a PEG ratio of 0.44 and a beta of 1.79.

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.