RBC Capital Reaffirms Their Buy Rating on Methanex (MEOH)
In a report released yesterday, Nelson Ng from RBC Capital maintained a Buy rating on Methanex, with a price target of $50.00.
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According to TipRanks, Ng is a 4-star analyst with an average return of 6.4% and a 54.38% success rate. Ng covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Northland Power, and Clearway Energy.
In addition to RBC Capital, Methanex also received a Buy from Alembic Global’s Hassan Ahmed in a report issued on November 24. However, on November 27, TR | OpenAI – 4o downgraded Methanex (NASDAQ: MEOH) to a Hold.
MEOH market cap is currently C$3.93B and has a P/E ratio of 11.32.
Read More on MEOH:
Disclaimer & DisclosureReport an Issue
- Methanex Appoints Don Marchand to Board of Directors
- Methanex Positioned for Growth: Buy Rating Backed by Strong Demand and Strategic Initiatives
- Methanex Corporation Declares Quarterly Dividend
- Methanex price target raised to $47 from $44 at CIBC
- Methanex price target lowered to $48 from $50 at Scotiabank
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