RBC Capital Upgrades Mercer International to Outperform (MERC)
Mercer International (NASDAQ: MERC) was upgraded by analysts at RBC Capital (NYSE: RY) from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday.
Several other analysts have also recently commented on the stock. Analysts at TD Securities downgraded shares of Mercer International from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, May 1st. Analysts at Zacks upgraded shares of Mercer International from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, February 22nd.
Shares of Mercer International traded down 1.61% during mid-day trading on Monday, hitting $6.71. Mercer International has a 52 week low of $5.30 and a 52 week high of $13.75. The company has a market cap of $393.5 million and a P/E ratio of 13.07.
Mercer International Inc. (Mercer) is a producer of market northern bleached softwood kraft (NBSK), pulp in the world.