Mondi Plc (MNDI) Given New GBX 1,900 Price Target at Deutsche Bank AG
Mondi Plc (LON:MNDI) had its price target increased by Deutsche Bank AG from GBX 1,700 ($20.72) to GBX 1,900 ($23.16) in a research note issued to investors on Monday. They currently have a buy rating on the stock.
A number of other research firms have also recently weighed in on MNDI. Credit Suisse Group AG reissued an outperform rating and issued a GBX 1,880 ($22.91) target price on shares of Mondi Plc in a research note on Tuesday, August 30th. Goodbody reaffirmed a hold rating on shares of Mondi Plc in a research note on Tuesday, July 26th. JPMorgan Chase & Co. upped their price objective on shares of Mondi Plc from GBX 1,530 ($18.65) to GBX 1,610 ($19.62) and gave the stock an overweight rating in a research note on Monday, July 18th. Jefferies Group reaffirmed a buy rating and set a GBX 1,800 ($21.94) price objective on shares of Mondi Plc in a research note on Monday, September 12th. Finally, Goldman Sachs Group Inc. raised shares of Mondi Plc to a neutral rating and upped their price objective for the stock from GBX 1,250 ($15.23) to GBX 1,290 ($15.72) in a research note on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of GBX 1,689.44 ($20.59).
Mondi Plc (LON:MNDI) opened at 1622.00 on Monday. 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. Mondi Plc has a 52 week low of GBX 1,108.00 and a 52 week high of GBX 1,702.00. The firm’s market capitalization is GBX 7.85 billion.
In other Mondi Plc news, insider Carol Hunt acquired 18 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The shares were acquired at an average cost 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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