MX has been the subject of several other reports. BMO Capital Markets reiterated an outperform rating and issued a C$72.00 price objective on shares of Methanex in a research report on Monday, April 9th. TD Securities increased their price objective on Methanex to C$85.00 and gave the stock a buy rating in a research report on Tuesday, December 19th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Methanex has a consensus rating of Hold and an average price target of C$69.63.
Shares of Methanex stock opened at C$83.58 on Thursday. Methanex has a fifty-two week low of C$52.63 and a fifty-two week high of C$85.43.
The company also recently declared a quarterly dividend, which was paid on Saturday, March 31st. Shareholders of record on Saturday, March 17th were paid a dividend of $0.406 per share. This represents a $1.62 dividend on an annualized basis and a yield of 1.94%. This is a boost from Methanex’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, March 15th.
In other Methanex news, Director Wade Wiggins sold 8,100 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of C$56.35, for a total transaction of C$456,435.00. Also, Director Vanessa James sold 7,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$75.01, for a total value of C$525,070.00.
WARNING: “Methanex (MX) Given New C$42.76 Price Target at Sanford C. Bernstein” was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://www.chaffeybreeze.com/2018/04/16/methanex-mx-given-new-c42-76-price-target-at-sanford-c-bernstein.html.
Methanex Company Profile
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.
Receive News & Ratings for Methanex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methanex and related companies with MarketBeat.com's FREE daily email newsletter.