A statement released earlier today by Cowen about Methanex (NASDAQ:MEOH) bumps the target price to $48.00
- Updated: November 29, 2016
Cowen bumped up the target of Methanex (NASDAQ:MEOH) to $48.00 stating a potential upside of 0.18%.
On 3/02/2016, Raymond James released a statement for Methanex (NASDAQ:MEOH) bumped up the target price from $32.00 to $40.00 that suggested an upside of 0.21%.
Boasting a price of $40.65, Methanex (NASDAQ:MEOH) traded -0.61% lower on the day. With the last stock price close up 26.16% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Methanex has recorded a 50-day average of $37.64 and a two hundred day average of $32.22. Volume of trade was down over the average, with 0 shares of MEOH changing hands under the typical 759,088
With a total market value of $0, Methanex has with a one year low of $22.73 and a one year high of $41.49 .
A total of 12 equity analysts have released a research note on MEOH. One equity analyst rating the company a strong buy, five equity analysts rating the company a buy, six equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $40.29.
Brief Synopsis About Methanex (NASDAQ:MEOH)
Methanex Corporation is a 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, and 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.
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