Mercer International (MERC.U) Hits New 1-Year High at $13.00
Shares of Mercer International Inc (TSE:MERC.U) reached a new 52-week high on Monday . The company traded as high as C$13.00 and last traded at C$12.73, with a volume of 0 shares. The stock had previously closed at C$12.73.
MERC.U has been the subject of a number of analyst reports. Royal Bank of Canada upgraded Mercer International from a “sector perform” rating to an “outperform” rating and set a C$18.75 target price for the company in a report on Friday, October 20th. CSFB lowered Mercer International from an “outperform” rating to a “neutral” rating and set a C$19.00 target price for the company. in a report on Friday, October 27th.
About Mercer International
Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.
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