Methanex Corporation (MEOH) : Zacks Investment Research ranks Methanex Corporation (MEOH) as 5, which is a Strong Sell recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 6 research analysts is 1, which indicates as a Strong Buy.
Methanex Corporation (MEOH) : The highest short term price target forecast on Methanex Corporation (MEOH) is $42 and the lowest target price is $34. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $38.08 with a standard deviation of $3.2.
For the current week, the company shares have a recommendation consensus of Buy. Methanex Corporation (NASDAQ:MEOH): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.94 and $28.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.93, notching a gain of 0.38% for the day. The total traded volume was 827,280 . The stock had closed at $28.82 on the previous day.
Methanex Corporation is a Canada-based producer and supplier of methanol to international markets in Asia Pacific, North America, Europe and South America. The Company operates three production facilities in New Zealand, which supply methanol primarily to customers in Asia Pacific. Its two plants in Trinidad, Titan and Atlas, supply methanol markets in North America, Europe, Asia Pacific and South America. Its Geismar 1 facility in Louisiana supplies to customers in the United States. The Company through a joint venture facility in Egypt, located on the Mediterranean Sea, supplies methanol markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America. The Punta Arenas production complex in southern Chile supplies to customers in South America.