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Mercer International Inc. (MERC) [hlAlert]

Rating:
Sector Perform
MERC

Mercer International Inc. (MERC) downgraded to Sector Perform with price target $9 by RBC Capital Mkts

Posted on: Thursday,  Oct 13, 2011  10:25 AM ET by RBC Capital Mkts

RBC Capital Mkts rated Sector Perform Mercer International Inc. (NASDAQ: MERC) on 10/13/2011. Previously RBC Capital Mkts rated Outperform
Mercer International Inc. (NASDAQ: MERC) on 01/18/2011., when the stock price was $8.55. Since then, Mercer International Inc. has lost 19.77% of its value until RBC Capital Mkts rated MERC Outperform on 10/13/2011, when the price was $6.86. .

Mercer International Inc. (Mercer) operates in the pulp business and is a producer of market northern bleached softwood kraft (NBSK) pulp. The Company?s operations are located in Eastern Germany and Western Canada. It operates three NBSK pulp mills with a consolidated annual production capacity of approximately 1.5 million million air-dried metric tons (ADMTs): Rosenthal mill, Stendal mill and Celgar mill. The Company?s wholly owned subsidiary, Rosenthal, owns and operates an NBSK pulp mill that has an annual production capacity of approximately 325,000 ADMTs. Its 70.6%-owned subsidiary, Stendal, owns and operates an NBSK pulp mill that has an annual production capacity of approximately 635,000 ADMTs. Its wholly owned subsidiary, Celgar, owns and operates the Celgar mill, an NBSK pulp mill with an annual production capacity of approximately 495,000 ADMTs.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/5/2014 12:00 AM Buy
None
10.38 14.00
as of 12/30/2011
1 Week   
1 Month   
3 Months up  0.88 %
1 YTD down  -11.48 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/16/2013 9:25 AM Hold
None
6.70
5/6/2013 8:25 AM Buy
None
6.38 8.00
10/13/2011 10:25 AM Hold
None
6.86 9.00
1/18/2011 9:25 AM Buy
None
8.55 10.00
7/28/2010 11:25 AM Buy
None
5.00 6.50
3/24/2010 10:25 AM Buy
None
5.88 6.75
1/8/2010 11:25 AM Buy
None
2.97 5.50
2/13/2009 9:25 AM Hold
None
0.97 1.50
1/12/2009 9:25 AM Hold
None
1.82 3.00
8/1/2008 8:25 AM Buy
None
6.39 8.50
2/15/2008 9:25 AM Buy
None
8.19 10.00

(*) Stock Price at the time of the recommendation.
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