Grupo Mexico stock: Morgan Stanley raises target to USD 13.11 for Grupo Mexico stock
Published on 10/19/2026 at 15:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTargets and market scale
- Morgan Stanley analyst Carlos De Alba raised the target from USD 12.28 to USD 13.11 on October 7, 2026.
- Grupo Mexico had a price-to-earnings ratio of 15.40 on October 16, 2026.
- Grupo Mexico stock costs EUR 11.77 at Lang & Schwarz on October 19, 2026 at 3:34 p.m. CEST.
- Market capitalization stood at MXN 1.9 trillion on October 16, 2026.
Morgan Stanley analyst Carlos De Alba maintained a Hold rating on Grupo Mexico and raised his price target from USD 12.28 to USD 13.11 on October 7, 2026, according to Moomoo. The target is for the US dollar quotation, while German investors are watching the euro quotation separately. Grupo Mexico stock was trading at EUR 11.77 at Lang & Schwarz on October 19, 2026 at 3:34 p.m. CEST.
Valuation gives the market a clear anchor
Grupo Mexico had a price-to-earnings ratio of 15.40 on October 16, 2026. Its market capitalization was MXN 1.9 trillion on the same date. Those figures place the company in the middle of a large listed copper and infrastructure group rather than a small single-mine operator.
Grupo Mexico operates across mining, transportation and infrastructure. Its mining division produces copper, silver, molybdenum, zinc, gold and selenium, while its transportation arm manages an 11,131-kilometer rail network across 24 Mexican states.
Price position stays near the yearly high
The BMV quotation stood at MXN 244.87 on October 16, 2026, against a 52-week range of MXN 139.28 to MXN 246.54. The price was 0.68 percent below the yearly high, calculated from those two values. Trading volume reached 7,886,564 shares, versus an average volume of 5,206,173 shares, or 51.49 percent higher.
Historical fiscal-year figures provide a second scale for the business. Revenue stood at USD 18.18 billion and net income at USD 4.92 billion in fiscal year 2025, while second-quarter 2026 revenue reached USD 5.72 billion, according to SilverTrade.
Comparison with peers
Grupo Mexico: P/E 15.40, market capitalization MXN 1.9 trillion
Southern Copper (NYSE, USD): minus 0.58 percent, P/E 29.14, market capitalization USD 168.3 billion
Freeport-McMoRan (NYSE, USD): minus 0.70 percent, P/E 33.82, market capitalization USD 99.3 billion
What the price says now
The euro quotation provides the immediate German-market perspective, while the BMV figures supply the home-market valuation and range. The gap between the current BMV price and its 52-week high is narrow, but the latest dated quote and the analyst target use different currencies and should not be merged into one return calculation.
The further course of trading is shown by the continuously updated real-time quote of Grupo Mexico stock.
Grupo Mexico market data
- Company: Grupo México, S.A.B. de C.V.
- ISIN: MXP370841019
- Ticker: GMEXICOB.MX
- Primary exchange: BMV
- Price Lang & Schwarz (as of October 19, 2026, 3:34 p.m. CEST): EUR 11.77
- 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
Market context: Current market reports.
