Mercer International Inc. (MERC) Stock Price Up 2.2%
Shares of Mercer International Inc. (NASDAQ:MERC) rose 2.2% on Friday . The company traded as high as $8.75 and last traded at $8.70, with a volume of 165,645 shares. The stock had previously closed at $8.51.
MERC has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Mercer International from a “sell” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Wednesday, March 30th. TheStreet upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a report on Tuesday, April 12th. Credit Suisse Group AG restated a “buy” rating and issued a $15.00 target price on shares of Mercer International in a report on Sunday, June 5th. TD Securities downgraded shares of Mercer International from a “buy” rating to a “hold” rating and cut their price target for the company from $10.50 to $10.00 in a report on Friday, April 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $13.75 price target on shares of Mercer International in a report on Sunday, May 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $12.96.
The company has a market capitalization of $558.29 million and a P/E ratio of 7.88. The stock’s 50 day moving average is $8.44 and its 200-day moving average is $8.48.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Monday, June 27th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend was Thursday, June 23rd.
Mercer International Inc is engaged in producing (northern bleached softwood kraft) NBSK pulp. The Company operates in the pulp industry and produces pulp for resale, known as market pulp, in Germany. It also produces and sells tall oil, which is used as both a chemical additive and as a green energy source.
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