The Goldman Sachs Group Upgrades Mondi Plc Uns (OTCMKTS:MONDY) to “Strong-Buy”

Mondi Plc Uns (OTCMKTS:MONDY) was upgraded by investment analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Separately, UBS Group lowered shares of Mondi Plc Uns from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Mondi Plc Uns Stock Performance

Shares of OTCMKTS:MONDY opened at $22.36 on Wednesday. The company has a 50 day moving average price of $22.12 and a two-hundred day moving average price of $21.62. The company has a quick ratio of 0.87, a current ratio of 1.53 and a debt-to-equity ratio of 0.49. Mondi Plc Uns has a 52 week low of $17.87 and a 52 week high of $28.32.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Mondi Plc Uns stock. Syon Capital LLC bought a new position in shares of Mondi Plc Uns (OTCMKTS:MONDY) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,676 shares of the company’s stock, valued at approximately $58,000.

About Mondi Plc Uns

Mondi plc is a global packaging and paper company that develops and manufactures packaging solutions and paper products for businesses across a range of industries. Its portfolio serves sectors including food and beverages, consumer goods, e-commerce, agriculture, construction and industrial manufacturing.

The company produces corrugated packaging, containerboard, paper bags, flexible packaging, films, kraft paper and specialty papers. Mondi also provides protective and industrial packaging products, as well as packaging systems designed to support customers’ filling, wrapping and logistics operations.

Mondi operates an integrated business model spanning forestry, pulp and paper production, packaging materials and converted packaging products.