Mondi Plc (LON:MNDI) had its target price hoisted by analysts at Credit Suisse Group AG from GBX 1,880 ($22.91) to GBX 2,025 ($24.68) in a note issued to investors on Friday. The firm presently has an “outperform” rating on the stock. Credit Suisse Group AG’s target price indicates a potential upside of 27.68% from the stock’s previous close.
A number of other brokerages also recently issued reports on MNDI. Jefferies Group upped their price target on Mondi Plc from GBX 1,800 ($21.94) to GBX 1,900 ($23.16) and gave the company a “buy” rating in a report on Tuesday, September 27th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Mondi Plc in a report on Thursday, August 11th. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 1,650 ($20.11) price target on shares of Mondi Plc in a report on Tuesday, August 23rd. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 1,500 ($18.28) price target on shares of Mondi Plc in a report on Friday, August 5th. Finally, Goldman Sachs Group Inc. downgraded Mondi Plc to a “sell” rating and upped their price target for the company from GBX 1,325 ($16.15) to GBX 1,400 ($17.06) in a report on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Mondi Plc has an average rating of “Buy” and a consensus price target of GBX 1,689.44 ($20.59).
Mondi Plc (LON:MNDI) opened at 1586.00 on Friday. Mondi Plc has a 52 week low of GBX 1,108.00 and a 52 week high of GBX 1,702.00. The company’s market cap is GBX 7.68 billion. The firm has a 50-day moving average price of GBX 1,611.94 and a 200 day moving average price of GBX 1,448.89.
In related news, insider Carol Hunt purchased 18 shares of Mondi Plc stock in a transaction on Friday, October 7th. The stock was acquired at an average price of GBX 1,686 ($20.55) per share, for a total transaction of £303.48 ($369.87).
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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