Mercer International Inc. (MERC) Trading Up 2.2%
Mercer International Inc. (NASDAQ:MERC)’s share price shot up 2.2% on Friday . The stock traded as high as $8.75 and last traded at $8.70, with a volume of 165,645 shares trading hands. The stock had previously closed at $8.51.
Several research firms recently weighed in on MERC. Zacks Investment Research lowered shares of Mercer International from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. TheStreet raised shares of Mercer International from a “hold” rating to a “buy” rating in a research note on Tuesday, April 12th. Standpoint Research began coverage on shares of Mercer International in a research note on Tuesday, April 26th. They set a “buy” rating and a $12.00 price target on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $13.75 price target on shares of Mercer International in a research note on Sunday, May 1st. Finally, TD Securities downgraded shares of Mercer International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $10.50 to $10.00 in a research note on Friday, April 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $12.96.
The firm has a 50 day moving average of $8.43 and a 200-day moving average of $8.47. The company has a market capitalization of $558.29 million and a P/E ratio of 7.88.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Monday, June 27th were paid a dividend of $0.115 per share. The ex-dividend date was Thursday, June 23rd. This represents a $0.46 annualized dividend and a dividend yield of 5.32%.
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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