In a report released today, Charles Neivert from Piper Sandler maintained a Hold rating on Methanex (MEOH – Research Report), with a price target of $50.00. The company’s shares closed yesterday at $50.40.
According to TipRanks, Neivert is an analyst with an average return of -1.0% and a 44.30% success rate. Neivert covers the Basic Materials sector, focusing on stocks such as Methanex, Cf Industries Holdings, and Eastman Chemical.
In addition to Piper Sandler, Methanex also received a Hold from RBC Capital’s Nelson Ng in a report issued on April 26. However, yesterday, Scotiabank maintained a Buy rating on Methanex (NASDAQ: MEOH).
The company has a one-year high of $51.42 and a one-year low of $37.68. Currently, Methanex has an average volume of 335.3K.
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Methanex (MEOH) Company Description:
Methanex Corp. is a producer and supplier of methanol. It operates the methanol ocean tanker fleet. The company was founded on March 11, 1968 and is headquartered in Vancouver, Canada.
Read More on MEOH:
- Methanex Welcomes New Director, Shareholders Approve Proposals
- Methanex Shareholders Show Strong Support at AGM
- Methanex Reports on Annual General Meeting of Shareholders and Welcomes Roger Perreault to Its Board of Directors
- Methanex Announces Quarterly Dividend Payout
- Methanex Announces Upcoming Quarterly Dividend
