Jefferies Group Increases Mondi Plc (MNDI) Price Target to GBX 1,900
Mondi Plc (LON:MNDI) had its target price raised by investment analysts at Jefferies Group from GBX 1,800 ($23.50) to GBX 1,900 ($24.80) in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s target price points to a potential upside of 16.92% from the company’s current price.
A number of other analysts have also weighed in on MNDI. JPMorgan Chase & Co. began coverage on Mondi Plc in a research note on Tuesday, June 14th. They set an “overweight” rating and a GBX 1,530 ($19.97) price objective for the company. Deutsche Bank AG dropped their price target on Mondi Plc from GBX 1,750 ($22.84) to GBX 1,700 ($22.19) and set a “buy” rating for the company in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. raised Mondi Plc to a “neutral” rating and raised their price target for the stock from GBX 1,250 ($16.32) to GBX 1,290 ($16.84) in a research note on Friday, July 1st. Goodbody reaffirmed a “hold” rating on shares of Mondi Plc in a research note on Tuesday, July 26th. Finally, Davy Research reaffirmed an “outperform” rating on shares of Mondi Plc in a research note on Thursday, August 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 1,636.67 ($21.36).
Shares of Mondi Plc (LON:MNDI) opened at 1635.00 on Tuesday. The company’s market cap is GBX 7.92 billion. Mondi Plc has a 1-year low of GBX 1,108.00 and a 1-year high of GBX 1,660.00. The stock has a 50 day moving average of GBX 1,595.47 and a 200 day moving average of GBX 1,420.31.
About Mondi Plc
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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