Methanex Co. (MX) Insider David Valembois Sells 1,600 Shares
Methanex Co. (TSE:MX) (NASDAQ:MEOH) insider David Valembois sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of C$52.95, for a total value of C$84,720.00.
David Valembois also recently made the following trade(s):
- On Tuesday, September 12th, David Valembois sold 2,000 shares of Methanex stock. The shares were sold at an average price of C$51.90, for a total value of C$103,800.00.
Shares of Methanex Co. (MX) traded up C$0.77 during trading hours on Friday, reaching C$66.86. 145,785 shares of the company were exchanged, compared to its average volume of 333,637. Methanex Co. has a 52 week low of C$52.63 and a 52 week high of C$69.88.
A number of analysts recently issued reports on the company. Scotiabank reiterated a “sector perform” rating and issued a C$68.00 price target on shares of Methanex in a report on Thursday, October 26th. TD Securities boosted their price objective on shares of Methanex to C$75.50 and gave the stock a “buy” rating in a research note on Friday, October 27th. Royal Bank Of Canada boosted their price objective on shares of Methanex to C$73.00 and gave the stock a “sector perform” rating in a research note on Friday, October 27th. Raymond James Financial, Inc. downgraded shares of Methanex from an “outperform” rating to a “market perform” rating and set a C$77.00 price objective for the company. in a research note on Tuesday, October 31st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$57.00 price objective on shares of Methanex in a research note on Monday, September 18th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Methanex has a consensus rating of “Hold” and a consensus price target of C$70.10.
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Methanex Corp is a Canada-based 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, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.
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