Mondi Plc (MNDI) Earns “Outperform” Rating from Credit Suisse Group AG
Mondi Plc (LON:MNDI)‘s stock had its “outperform” rating restated by investment analysts at Credit Suisse Group AG in a research report issued to clients and investors on Monday. They presently have a GBX 2,025 ($25.30) target price on the stock. Credit Suisse Group AG’s price target points to a potential upside of 24.23% from the stock’s previous close.
Several other research firms have also weighed in on MNDI. Davy Research restated an “outperform” rating on shares of Mondi Plc in a research report on Monday, October 24th. Jefferies Group raised their target price on shares of Mondi Plc from GBX 1,800 ($22.49) to GBX 1,900 ($23.74) and gave the stock a “buy” rating in a report on Tuesday, September 27th. Deutsche Bank AG reiterated a “buy” rating on shares of Mondi Plc in a report on Thursday, August 11th. JPMorgan Chase & Co. cut shares of Mondi Plc to a “neutral” rating and raised their target price for the stock from GBX 1,640 ($20.49) to GBX 1,740 ($21.74) in a report on Friday, October 14th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a GBX 1,650 ($20.61) target price on shares of Mondi Plc in a report on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Mondi Plc presently has an average rating of “Buy” and a consensus price target of GBX 1,689.44 ($21.11).
Shares of Mondi Plc (LON:MNDI) opened at 1627.179 on Monday. The stock’s market capitalization is GBX 7.88 billion. The firm’s 50-day moving average is GBX 1,602.86 and its 200 day moving average is GBX 1,502.83. Mondi Plc has a 1-year low of GBX 1,108.00 and a 1-year high of GBX 1,702.00.
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In other Mondi Plc news, insider David A. Hathorn acquired 20 shares of the business’s stock in a transaction that occurred on 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 the firm’s stock in a transaction that occurred on Tuesday, October 18th. The shares were 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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