Mondi Plc (LON:MNDI) Given Consensus Rating of “Buy” by Analysts
Shares of Mondi Plc (LON:MNDI) have been given an average recommendation of “Buy” by the ten analysts that are currently covering the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,661.25 ($21.68).
Several brokerages have weighed in on MNDI. Jefferies Group raised their price objective on Mondi Plc from GBX 1,800 ($23.50) to GBX 1,900 ($24.80) and gave the company a “buy” rating in a research note on Tuesday, September 27th. Goldman Sachs Group Inc. cut Mondi Plc to a “sell” rating and raised their price objective for the company from GBX 1,325 ($17.30) to GBX 1,400 ($18.27) in a research note on Friday, September 2nd. Credit Suisse Group AG restated an “outperform” rating and set a GBX 1,880 ($24.54) price objective on shares of Mondi Plc in a research note on Tuesday, August 30th. Deutsche Bank AG restated a “buy” rating and set a GBX 1,700 ($22.19) price objective on shares of Mondi Plc in a research note on Friday, August 26th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 1,650 ($21.54) target price on shares of Mondi Plc in a research report on Tuesday, August 23rd.
Mondi Plc (LON:MNDI) traded up 1.88% during midday trading on Tuesday, reaching GBX 1680.00. 2,668,214 shares of the company traded hands. The firm’s market capitalization is GBX 8.13 billion. The firm has a 50-day moving average price of GBX 1,599.06 and a 200-day moving average price of GBX 1,428.24. Mondi Plc has a one year low of GBX 1,108.00 and a one year high of GBX 1,702.00.
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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