Karine Delbarre Purchases 1,081 Shares of Methanex Co. (TSE:MX) Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Karine Delbarre purchased 1,081 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of C$53.07 per share, for a total transaction of C$57,368.72.

Methanex Stock Performance

Shares of TSE MX opened at C$53.11 on Friday. The business’s 50-day moving average price is C$67.38 and its two-hundred day moving average price is C$62.91. The company has a debt-to-equity ratio of 148.53, a current ratio of 1.34 and a quick ratio of 1.59. Methanex Co. has a one year low of C$49.21 and a one year high of C$78.18. The company has a market capitalization of C$2.53 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79.

Wall Street Analysts Forecast Growth

MX has been the topic of several recent analyst reports. Scotiabank lowered Methanex from a “strong-buy” rating to a “hold” rating in a research report on Monday. Cibc World Mkts upgraded Methanex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Two analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Methanex Company Profile

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.