Analyst Activity – Royal Bank of Canada Reiterates Sector Perform on Methanex (TSE:MX)

Analyst Ratings For Methanex (TSE:MX)

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Today, Royal Bank of Canada reiterated its Sector Perform rating on Methanex (TSE:MX).

There are 4 hold ratings, 1 buy rating on the stock.

The current consensus rating on Methanex (TSE:MX) is Hold (Score: 2.20) with a consensus target price of C$54.00 per share, a potential .

Some recent analyst ratings include

  • 3/28/2017-Royal Bank of Canada Reiterated Rating of Sector Perform.
  • 3/21/2017-Scotiabank Reiterated Rating of Sector Perform.
  • 1/3/2017-Raymond James Financial, Inc. was Downgraded by analysts at Raymond James Financial, Inc. from a “Outperform ” rating to a ” Market Perform” rating. They now have a C$48.00 price target on the stock.

    About Methanex (TSE:MX)
    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. The Company’s subsidiary, Waterfront Shipping Company Limited, operates its fleet, which is made up of over 20 vessels ranging from 3,000 to 50,000 deadweight tons of capacity. It has over three production facilities in New Zealand that supply methanol primarily to customers in Asia Pacific. The Company operates over two plants in Trinidad, Titan and Atlas, which supply methanol to markets in North America, Europe, Asia Pacific and South America. Its joint venture facility in Egypt supplies methanol to markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America.

    Recent Trading Activity for Methanex (TSE:MX)
    Shares of Methanex closed the previous trading session at 60.98 up +1.06 1.77% with 352,121 shares trading hands.

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