Mercury NZ Ltd traded at 5.20 this Wednesday April 1st, decreasing 0.04 or 0.67 percent since the previous trading session. Looking back, over the last four weeks, Mercury NZ lost 5.55 percent. Over the last 12 months, its price rose by 2.26 percent. Looking ahead, we forecast Mercury NZ Ltd to be priced at 5.38 by the end of this quarter and at 5.06 in one year, according to Trading Economics global macro models projections and analysts expectations.
Mercury NZ Limited is a New Zealand-based company, which generates electricity from renewable sources, such as hydro, geothermal and wind. The Company is also a retailer of electricity, gas, broadband and mobile services to residential and small to medium-sized business customers. The Company is operating through the segments: Generation/Wholesale, Retail, and Other. The generation/wholesale market segment encompasses activity associated with the electricity production, electricity trading, generation development activities. It also includes revenue from the sale of electricity, to both commercial & industrial customers. The retail market segment encompasses activity associated with sale of electricity, gas, telecommunication products/services and other related products and services to customers in New Zealand through Mercury and Trustpower brands. The Other segment represents corporate support services. The Company’s products include electricity, gas, broadband, and mobile.