Mondi Plc (MNDI) Given “Buy” Rating at Jefferies Group
Mondi Plc (LON:MNDI)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group in a report released on Monday. They presently have a GBX 1,800 ($23.97) target price on the stock. Jefferies Group’s price objective indicates a potential upside of 14.14% from the company’s current price.
A number of other equities analysts have also recently issued reports on the stock. Goldman Sachs Group Inc. raised shares of Mondi Plc to a “neutral” rating and raised their target price for the stock from GBX 1,250 ($16.65) to GBX 1,290 ($17.18) in a report on Friday, July 1st. Deutsche Bank AG reissued a “buy” rating and issued a GBX 1,700 ($22.64) target price on shares of Mondi Plc in a report on Friday, August 26th. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 1,880 ($25.04) target price on shares of Mondi Plc in a report on Tuesday, August 30th. JPMorgan Chase & Co. started coverage on shares of Mondi Plc in a report on Tuesday, June 14th. They issued an “overweight” rating and a GBX 1,530 ($20.38) target price on the stock. Finally, Citigroup Inc. reissued a “neutral” rating and issued a GBX 1,650 ($21.98) target price on shares of Mondi Plc in a report on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 1,625.56 ($21.65).
Mondi Plc (LON:MNDI) traded down 0.76% during midday trading on Monday, hitting GBX 1577.00. The company had a trading volume of 1,685,683 shares. The company’s 50 day moving average is GBX 1,577.92 and its 200 day moving average is GBX 1,403.89. Mondi Plc has a 12-month low of GBX 1,108.00 and a 12-month high of GBX 1,639.00. The stock’s market cap is GBX 7.63 billion.
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Mondi Plc Company Profile
Mondi plc is a United Kingdom-based packaging and paper company. The Company is engaged in managing forests and producing pulp, paper and compound plastics for industrial and consumer packaging. The Company and Mondi Limited, under a dual listed company (DLC) structure, operate together as a single economic entity.
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