Credit Suisse Group AG Increases Mondi Plc (MNDI) Price Target to GBX 2,025
Mondi Plc (LON:MNDI) had its price objective raised by equities research analysts at Credit Suisse Group AG from GBX 1,880 ($23.27) to GBX 2,025 ($25.06) in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 26.72% from the company’s current price.
Several other research analysts have also recently issued reports on the stock. Jefferies Group raised their target price on shares of Mondi Plc from GBX 1,800 ($22.28) to GBX 1,900 ($23.51) and gave the stock a “buy” rating in a report on Tuesday, September 27th. Goldman Sachs Group Inc. cut shares of Mondi Plc to a “sell” rating and raised their target price for the stock from GBX 1,325 ($16.40) to GBX 1,400 ($17.33) in a report on Friday, September 2nd. Deutsche Bank AG restated a “buy” rating and issued a GBX 1,700 ($21.04) target price on shares of Mondi Plc in a report on Friday, August 26th. Citigroup Inc. restated a “neutral” rating and issued a GBX 1,650 ($20.42) target price on shares of Mondi Plc in a report on Tuesday, August 23rd. Finally, Barclays PLC restated an “equal weight” rating and issued a GBX 1,500 ($18.56) target price on shares of Mondi Plc in a report on Friday, August 5th. One investment 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. Mondi Plc currently has a consensus rating of “Buy” and an average target price of GBX 1,652.78 ($20.46).
Mondi Plc (LON:MNDI) opened at 1598.00 on Friday. The firm’s 50-day moving average is GBX 1,611.22 and its 200 day moving average is GBX 1,443.31. The firm’s market cap is GBX 7.74 billion. Mondi Plc has a 12-month low of GBX 1,108.00 and a 12-month high of GBX 1,702.00.
In other news, insider Carol Hunt acquired 18 shares of the stock in a transaction on Friday, October 7th. The stock was acquired at an average price of GBX 1,686 ($20.87) per share, with a total value of £303.48 ($375.59).
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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