Mondi (MNDI) Upgraded by Goldman Sachs Group to Buy
Goldman Sachs Group upgraded shares of Mondi (LON:MNDI) to a buy rating in a research report sent to investors on Wednesday morning. Goldman Sachs Group currently has GBX 2,200 ($29.61) price objective on the stock.
Other research analysts have also issued research reports about the company. Credit Suisse Group reaffirmed a neutral rating and set a GBX 2,220 ($29.88) price target on shares of Mondi in a research report on Wednesday, November 29th. Deutsche Bank reaffirmed a hold rating and set a GBX 2,150 ($28.94) price target on shares of Mondi in a research report on Wednesday, October 18th. Citigroup reaffirmed a neutral rating and set a GBX 2,480 ($33.38) price target on shares of Mondi in a research report on Thursday, October 12th. J P Morgan Chase & Co cut their price target on Mondi from GBX 2,300 ($30.96) to GBX 2,240 ($30.15) and set an overweight rating on the stock in a research report on Friday, September 29th. Finally, Jefferies Group reaffirmed a buy rating and set a GBX 2,300 ($30.96) price target on shares of Mondi in a research report on Monday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Mondi has an average rating of Buy and an average target price of GBX 2,196.25 ($29.56).
Shares of Mondi (LON:MNDI) traded up GBX 11 ($0.15) during midday trading on Wednesday, hitting GBX 1,885 ($25.37). The stock had a trading volume of 1,555,245 shares, compared to its average volume of 1,820,000. Mondi has a 1-year low of GBX 1,576 ($21.21) and a 1-year high of GBX 2,145 ($28.87).
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Mondi 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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