Methanex (TSE:MX) Downgraded by Scotiabank to “Hold”

Scotiabank lowered shares of Methanex (TSE:MX) (NASDAQ:MEOH) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Separately, Cibc World Mkts raised shares of Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Methanex Trading Down 12.5 %

TSE MX opened at C$53.13 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.59 and a debt-to-equity ratio of 148.53. The business has a fifty day simple moving average of C$68.52 and a 200 day simple moving average of C$63.08. Methanex has a 12 month low of C$49.21 and a 12 month high of C$78.18. The firm has a market capitalization of C$2.53 billion, a P/E ratio of 16.70, a PEG ratio of 0.44 and a beta of 1.79.

Insiders Place Their Bets

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

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.