Mondi Plc (LON:MNDI) had its price objective raised by investment analysts at Jefferies Group from GBX 1,800 ($23.50) to GBX 1,900 ($24.80) in a report released on Tuesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price objective indicates a potential upside of 16.92% from the stock’s previous close.
Several other brokerages have also recently weighed in on MNDI. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 1,880 ($24.54) target price on shares of Mondi Plc in a report on Tuesday, August 30th. Goodbody restated a “hold” rating on shares of Mondi Plc in a research note on Tuesday, July 26th. JPMorgan Chase & Co. upped their price objective on Mondi Plc from GBX 1,530 ($19.97) to GBX 1,610 ($21.02) and gave the stock an “overweight” rating in a research note on Monday, July 18th. Deutsche Bank AG restated a “buy” rating on shares of Mondi Plc in a research note on Thursday, August 11th. Finally, Goldman Sachs Group Inc. upgraded Mondi Plc to a “neutral” rating and upped their price objective for the stock from GBX 1,250 ($16.32) to GBX 1,290 ($16.84) in a research note on Friday, July 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 1,636.67 ($21.36).
Shares of Mondi Plc (LON:MNDI) opened at 1635.00 on Tuesday. The company’s market capitalization is GBX 7.92 billion. Mondi Plc has a 1-year low of GBX 1,108.00 and a 1-year high of GBX 1,660.00. The firm’s 50 day moving average price is GBX 1,595.47 and its 200-day moving average price is GBX 1,420.31.
About Mondi Plc
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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