Mercer International Inc (TSE:MERC.U) shares reached a new 52-week high on Tuesday . The stock traded as high as C$14.30 and last traded at C$14.00, with a volume of 0 shares traded. The stock had previously closed at C$14.00.
MERC.U has been the topic of several research analyst reports. CSFB cut Mercer International from an “outperform” rating to a “neutral” rating and set a C$19.00 price objective on the stock. in a research report on Friday, October 27th. Royal Bank of Canada boosted their price objective on Mercer International to C$20.50 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st.
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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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