Methanex Co. (TSE:MX) Director Buys C$57,368.72 in Stock

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

Methanex Stock Up 2.1 %

TSE:MX opened at C$54.21 on Friday. The firm’s 50-day moving average price is C$67.04 and its 200-day moving average price is C$62.86. The company has a market capitalization of C$2.58 billion, a PE ratio of 17.04, a P/E/G ratio of 0.44 and a beta of 1.79. 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 1-year low of C$49.21 and a 1-year high of C$78.18.

Wall Street Analysts Forecast Growth

MX has been the topic of a number of research analyst reports. Cibc World Mkts raised shares of Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Scotiabank downgraded shares of Methanex from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th. Two analysts have rated the stock with a hold rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Methanex has an average 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.