Insider Selling: Methanex Co. (MX) Director Sells C$1,457,000.00 in Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director John Floren sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of C$72.85, for a total transaction of C$1,457,000.00.

John Floren also recently made the following trade(s):

  • On Monday, October 30th, John Floren sold 450 shares of Methanex stock. The stock was sold at an average price of C$65.32, for a total transaction of C$29,394.00.

Shares of Methanex Co. (TSE:MX) opened at C$74.01 on Friday. Methanex Co. has a 12 month low of C$52.63 and a 12 month high of C$74.94.

A number of equities research analysts recently weighed in on MX shares. Raymond James Financial downgraded shares of Methanex from an “outperform” rating to a “market perform” rating and set a C$77.00 price target for the company. in a research note on Tuesday, October 31st. Royal Bank of Canada boosted their price target on shares of Methanex to C$73.00 and gave the stock a “sector perform” rating in a research note on Friday, October 27th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$57.00 target price on shares of Methanex in a research note on Monday, September 18th. Scotiabank reaffirmed a “sector perform” rating and issued a C$67.00 target price on shares of Methanex in a research note on Wednesday, October 18th. Finally, TD Securities upped their target price on shares of Methanex to C$75.50 and gave the company a “buy” rating in a research note on Friday, October 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$70.10.

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About Methanex

Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.

Insider Buying and Selling by Quarter for Methanex (TSE:MX)

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