According to The Fly, methanex (TSX: MX), the Consumer Goods sector company, was revisited by a Wall Street analyst today. Analyst Hassan Ahmed from Alembic Global reiterated a Buy rating
Ahmed observed:
“We rate Methanex shares Overweight, with a 12-month target price of USD80 per share.”
According to TipRanks.com, Ahmed is a 1-star analyst with an average return of -0.5% and a 41.3% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.
Methanex has an analyst consensus of Moderate Buy.
The company has a one-year high of C$107.07 and a one-year low of C$62.30. Currently, Methanex has an average volume of 287.6K.
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.
The company’s shares closed on Thursday at C$83.81.
