Methanex Corp (MEOH) Gets a Buy Rating from Jefferies


Jefferies analyst Laurence Alexander reiterated a Buy rating on Methanex Corp (MEOH) yesterday and set a price target of $86. The company’s shares closed yesterday at $60.51.

According to TipRanks.com, Alexander is a 5-star analyst with an average return of 11.9% and a 60.6% success rate. Alexander covers the Consumer Goods sector, focusing on stocks such as Sociedad Quimica Y Minera SA, GCP Applied Technologies, and Axalta Coating Systems.

Currently, the analyst consensus on Methanex Corp is a Strong Buy with an average price target of $83.11, representing a 37.3% upside. In a report issued on October 31, Scotiabank also upgraded the stock to Buy with a $77 price target.

.

See today’s analyst top recommended stocks >>

Methanex Corp’s market cap is currently $4.75B and has a P/E ratio of 10.41. The company has a Price to Book ratio of 3.26.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Methanex Corp. is a producer and supplier of methanol. The company through its subsidiary, Waterfront Shipping Co. Ltd. operates the methanol ocean tanker fleet. Methanex was founded on March 11, 1968 and is headquartered in Vancouver, Canada.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts