Deutsche Bank AG Reiterates “Buy” Rating for Mondi Plc (MNDI)
Mondi Plc (LON:MNDI)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank AG in a research note issued to investors on Monday.
A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. lowered shares of Mondi Plc to a “neutral” rating and lifted their price objective for the company from GBX 1,640 ($20.49) to GBX 1,740 ($21.74) in a report on Friday, October 14th. Jefferies Group lifted their price objective on shares of Mondi Plc from GBX 1,800 ($22.49) to GBX 1,900 ($23.74) and gave the company a “buy” rating in a report on Tuesday, September 27th. Goldman Sachs Group Inc. lowered shares of Mondi Plc to a “sell” rating and lifted their price objective for the company from GBX 1,325 ($16.55) to GBX 1,400 ($17.49) in a report on Friday, September 2nd. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 1,880 ($23.49) price objective on shares of Mondi Plc in a report on Tuesday, August 30th. Finally, Davy Research reiterated an “outperform” rating on shares of Mondi Plc in a report on Monday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Mondi Plc presently has an average rating of “Buy” and a consensus target price of GBX 1,689.44 ($21.11).
Mondi Plc (LON:MNDI) opened at 1520.00 on Monday. The company’s 50-day moving average is GBX 1,612.68 and its 200-day moving average is GBX 1,488.51. Mondi Plc has a 12 month low of GBX 1,108.00 and a 12 month high of GBX 1,702.00. The company’s market cap is GBX 7.36 billion.
In other news, insider David A. Hathorn acquired 20 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were purchased at an average price of GBX 1,577 ($19.70) per share, with a total value of £315.40 ($394.05). Also, insider David A. Hathorn sold 65,000 shares of Mondi Plc stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of GBX 1,619 ($20.23), for a total transaction of £1,052,350 ($1,314,780.11).
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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