Scotiabank analyst Ben Isaacson maintained a Buy rating on Methanex (MEOH – Research Report) today and set a price target of $58.00. The company’s shares opened today at $50.92.
According to TipRanks, Isaacson is a 4-star analyst with an average return of 8.6% and a 49.21% success rate. Isaacson covers the Basic Materials sector, focusing on stocks such as Methanex, Sociedad Quimica Y Minera SA, and Albemarle.
In addition to Scotiabank, Methanex also received a Buy from Alembic Global’s Hassan Ahmed in a report issued on May 6. However, on April 30, Piper Sandler assigned a Hold rating to Methanex (NASDAQ: MEOH).
MEOH market cap is currently $3.4B and has a P/E ratio of 20.40.
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Methanex (MEOH) Company Description:
Methanex Corp. is a producer and supplier of methanol. It operates the methanol ocean tanker fleet. The company was founded on March 11, 1968 and is headquartered in Vancouver, Canada.
Read More on MEOH:
- Methanex price target raised to $58 from $54 at Scotiabank
- Methanex Welcomes New Director, Shareholders Approve Proposals
- Methanex Shareholders Show Strong Support at AGM
- Methanex Reports on Annual General Meeting of Shareholders and Welcomes Roger Perreault to Its Board of Directors
- Methanex Announces Quarterly Dividend Payout
