Mercer International (MERC) was Downgraded by TD Securities to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. TD Securities advised their investors in a research report released on Apr 29, 2016.
Many Wall Street Analysts have commented on Mercer International. Standpoint Research Initiated Mercer International on Apr 26, 2016 to “Buy”, Price Target of the shares are set at $12.Company shares were Reiterated by RBC Capital Mkts on Feb 16, 2016 to “Outperform”, Firm has raised the Price Target to $ 12 from a previous price target of $11 .
Mercer International closed down -0.06 points or -0.62% at $9.63 with 1,57,592 shares getting traded on Wednesday. Post opening the session at $9.75, the shares hit an intraday low of $9.555 and an intraday high of $9.89 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 18, 2015, Genevieve Stannus (Treasurer) sold 5,000 shares at $14.07 per share price. According to the SEC, on Mar 10, 2015, David Michael Cooper (VP Sales & Marketing Europe) sold 6,000 shares at $4.38 per share price. On Feb 23, 2015, Eric Xavier Heine (VP Sales Marketing & Logistics) sold 20,000 shares at $14.33 per share price, according to the Form-4 filing with the securities and exchange commission.
Mercer International Inc. (Mercer) operates in the pulp industry. The Company produces bleached softwood kraft (NBSK) pulp. It also produces pulp for resale known as market pulp in Germany. The Company generates and sells green energy to regional utilities. Its operations are located in Eastern Germany and Western Canada. It operates three NBSK pulp mills. The Company’s wholly owned subsidiary Rosenthal owns and operates the Rosenthal mill which has an annual production capacity of approximately 360000 ADMTs and 57 MW of electrical generation. The Company’s subsidiary Stendal owns and operates the Stendal mill which has an annual production capacity of approximately 660000 ADMTs and 148 MW of electrical generation. The Company’s wholly owned subsidiary Celgar owns and operates the Celgar mill which is a NBSK pulp mill with an annual production capacity of approximately 520000 ADMTs and 100 MW of electrical generation.