Mercer International PT Raised to $6.00 at BMO Capital Markets (MERC)
Analysts at BMO Capital Markets boosted their price target on shares of Mercer International (NASDAQ: MERC) from $5.00 to $6.00 in a research report issued to clients and investors on Monday. The firm currently has an “underperform” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Mercer International from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, February 25th. They now have a $6.80 price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Mercer International in a research note to investors on Friday, February 15th. They now have a $8.00 price target on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Mercer International in a research note to investors on Thursday, February 14th. They now have a $11.00 price target on the stock.
One investment analyst has rated the stock with a buy rating, one has issued an overweight rating, three have issued a hold rating, and one has issued a sell rating to the company’s stock. The company currently has a consensus rating of “hold” and an average price target of $7.92.
Mercer International traded down 1.34% on Monday, hitting $6.985. Mercer International has a 1-year low of $5.05 and a 1-year high of $8.17. The stock’s 50-day moving average is currently $7.. The company’s market cap is $388.5 million.
Mercer International Inc. (Mercer) is a producer of market northern bleached softwood kraft (NBSK), pulp in the world.
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