Morgan Stanley keeps MXN 236.00 target for Grupo Mexico stock
Published on 10/16/2026 at 16:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target sets the frame
- Morgan Stanley set a MXN 236.00 target after maintaining a Hold rating on October 8, 2026.
- The October 20, 2026 earnings estimate calls for USD 5.95 billion in revenue.
- Grupo Mexico stock costs EUR 11.56 at Lang & Schwarz on October 16, 2026 at 4:07 p.m. CEST, up 0.31 percent on the BMV.
- Market capitalization stood at MXN 1.9 trillion and the price-to-earnings ratio was 15.18 on October 16, 2026.
Morgan Stanley maintained a Hold rating on Grupo Mexico and set a MXN 236.00 price target, according to The Globe and Mail on October 8, 2026. The target is 1.80 percent below the BMV price of MXN 240.32 recorded on October 16, 2026. Grupo Mexico stock was trading at EUR 11.56 at Lang & Schwarz on October 16, 2026 at 4:07 p.m. CEST, up 0.31 percent on the BMV.
October earnings carry the next test
Grupo Mexico's next earnings announcement is scheduled for October 20, 2026, with a consensus revenue estimate of USD 5.95 billion. The date and estimate are listed by MarketBeat. That estimate gives the upcoming report a clear numerical benchmark, while the latest reported quarter remains the operating reference for the company.
Price position near the yearly high
Grupo Mexico traded at MXN 240.32 on the BMV on October 16, 2026, against a previous close of MXN 239.57. Its 52-week range was MXN 139.28 to MXN 246.54, placing the price 2.53 percent below the high. Trading volume was 262,391 shares against an average of 5,242,370 shares on the same date.
The company had reported second-quarter 2026 revenue of USD 5.72 billion and net income of USD 2.20 billion. The quarterly figures came from standardized financial statements for the period ended June 30, 2026.
Valuation and copper peers
Grupo Mexico had a market capitalization of MXN 1.9 trillion, a price-to-earnings ratio of 15.18 and a dividend yield of 2.00 percent on October 16, 2026. The analyst target of MXN 236.00 sits below the BMV price, keeping the dated Morgan Stanley view central to the valuation picture.
Comparison with peers
Grupo Mexico (BMV, MXN): plus 0.31 percent, P/E 15.18, market capitalization MXN 1.9 trillion.
Southern Copper (NYSE, USD): plus 1.78 percent, P/E 30.04, market capitalization USD 173.3 billion.
Freeport-McMoRan (NYSE, USD): plus 1.56 percent, P/E 34.79, market capitalization USD 102.3 billion.
What the October date means
The October 20 report is the next scheduled point for testing revenue expectations against the company's second-quarter base. The stock's MXN 240.32 BMV price was 2.53 percent below its 52-week high, while the EUR 11.56 Lang & Schwarz quote offered a separate German-market view.
German-market price view
Grupo Mexico stock was trading at EUR 11.56 at Lang & Schwarz on October 16, 2026 at 4:07 p.m. CEST, up 0.31 percent on the BMV versus the October 15, 2026 close of MXN 239.57.
The further course of trading is shown by the continuously updated real-time quote of Grupo Mexico stock.
Grupo Mexico market details
- Company: Grupo Mexico, S.A.B. de C.V.
- ISIN: MXP370841019
- Ticker: GMEXICOB.MX
- Primary exchange: BMV
- Price Lang & Schwarz (as of October 16, 2026, 4:07 p.m. CEST): EUR 11.56
- Change on the BMV: plus 0.31 percent
- Market capitalization: MXN 1.9 trillion (as of October 16, 2026)
- 52-week range: MXN 139.28-MXN 246.54 (as of October 16, 2026)
- Sector / Industry: Basic Materials / Industrial Materials
- Next earnings date: October 20, 2026
Market context: Current market reports.
