CIBC Reaffirms Their Buy Rating on Methanex (MEOH)
In a report released today, Hamir Patel from CIBC maintained a Buy rating on Methanex, with a price target of $47.00.
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Patel covers the Basic Materials sector, focusing on stocks such as Stella-Jones, West Fraser Timber Co, and Interfor. According to TipRanks, Patel has an average return of 15.4% and a 55.94% success rate on recommended stocks.
Currently, the analyst consensus on Methanex is a Strong Buy with an average price target of $48.75.
MEOH market cap is currently C$3.99B and has a P/E ratio of 11.49.
Read More on MEOH:
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- Methanex price target raised to $47 from $44 at CIBC
- Methanex price target lowered to $48 from $50 at Scotiabank
- Methanex Earnings Call: Integration Success Amid Market Challenges
- Positive Outlook for Methanex: Buy Rating Backed by Strong Operations and Strategic Initiatives
- Methanex upgraded to Overweight from Neutral at JPMorgan
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