Methanex (TSE:MX) Stock Rating Lowered by Scotiabank

Methanex (TSE:MX) (NASDAQ:MEOH) was downgraded by equities research analysts at Scotiabank from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Separately, Cibc World Mkts raised Methanex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Methanex has a consensus rating of “Buy”.

Methanex Stock Performance

Shares of MX opened at C$53.13 on Monday. The firm has a market capitalization of C$2.53 billion, a PE ratio of 16.70, a P/E/G ratio of 0.44 and a beta of 1.79. The company has a quick ratio of 1.59, a current ratio of 1.34 and a debt-to-equity ratio of 148.53. The firm has a 50-day moving average price of C$68.52 and a 200 day moving average price of C$63.08. Methanex has a 52-week low of C$49.21 and a 52-week high of C$78.18.

Insiders Place Their Bets

In other Methanex news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of Methanex stock in a transaction dated Monday, December 16th. The stock was sold at an average price of C$65.39, for a total transaction of C$504,818.52. Corporate insiders own 0.35% of the company’s stock.

About Methanex

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.