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Methanex (TSE:MX) stock price target increased to $42.75, issued a research note today by Scotia Capital

Yesterday Methanex (TSE:MX) traded 7.92% higher at $58.93. The company’s 50-day moving average is $50.47 and its 200-day moving average is $42.38. The last closing price is up 39.24% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 412,990 shares of the stock traded hands, up from an average trading volume of 247,067

In a report released on Wednesday November 30, 2016 Scotia Capital increased the stock price target of Methanex (TSE:MX) to $42.75 indicating a possible downside of -0.27%.

Previously on 02/01/2016, RBC Capital Markets reported on Methanex (TSE:MX) reduced the target price from $63.00 to $48.00. At the time, this indicated a possible upside of 0.41%.

See Chart Below

Methanex (TSE:MX)

Methanex has a 52 week low of $31.63 and a 52 week high of $59.37 Methanex’s market capitalization is presently $0.

A total of 7 analysts have released a report on Methanex. One analyst rating the company a strong buy, three analysts rating the company a buy, four analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $41.86.

General Company Details For Methanex (TSE:MX)

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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