Methanex Co. (TSE:MX – Get Free Report) (NASDAQ:MEOH) insider Sunil Jagwani bought 43,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of C$82.62 per share, with a total value of C$3,552,660.00. Following the purchase, the insider directly owned 2,571,000 shares of the company’s stock, valued at approximately C$212,416,020. This represents a 1.70% increase in their ownership of the stock.
Sunil Jagwani also recently made the following trade(s):
- On Friday, May 15th, Sunil Jagwani purchased 40,000 shares of Methanex stock. The stock was bought at an average cost of C$87.11 per share, for a total transaction of C$3,484,400.00.
- On Thursday, May 7th, Sunil Jagwani purchased 40,100 shares of Methanex stock. The stock was bought at an average cost of C$84.56 per share, for a total transaction of C$3,390,856.00.
- On Thursday, May 7th, Sunil Jagwani purchased 41,000 shares of Methanex stock. The stock was bought at an average cost of C$84.00 per share, for a total transaction of C$3,444,000.00.
- On Monday, May 4th, Sunil Jagwani purchased 31,900 shares of Methanex stock. The stock was bought at an average cost of C$88.94 per share, for a total transaction of C$2,837,186.00.
- On Monday, May 4th, Sunil Jagwani purchased 32,000 shares of Methanex stock. The stock was bought at an average cost of C$88.15 per share, for a total transaction of C$2,820,800.00.
Methanex Trading Down 1.6%
Shares of Methanex stock opened at C$81.83 on Thursday. The firm has a market capitalization of C$6.33 billion, a PE ratio of -112.10, a P/E/G ratio of 0.44 and a beta of 0.65. Methanex Co. has a twelve month low of C$43.27 and a twelve month high of C$92.97. The firm’s 50-day moving average price is C$82.53 and its 200 day moving average price is C$68.24. The company has a current ratio of 1.96, a quick ratio of 1.59 and a debt-to-equity ratio of 143.44.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on MX. Royal Bank Of Canada lowered shares of Methanex from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Canadian Imperial Bank of Commerce lowered shares of Methanex from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$50.00.
Check Out Our Latest Report on Methanex
About Methanex
Methanex Corp manufactures and sells methanol. Methanex’s customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.
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