Mondi Plc (LON:MNDI) had its price objective raised by Credit Suisse Group AG from GBX 1,880 ($23.27) to GBX 2,025 ($25.06) in a research report released on Friday morning. The firm currently has an outperform rating on the stock.
Other analysts also recently issued research reports about the company. Deutsche Bank AG reiterated a buy rating and issued a GBX 1,700 ($21.04) price objective on shares of Mondi Plc in a research report on Tuesday, July 26th. Jefferies Group restated a buy rating and set a GBX 1,800 ($22.28) target price on shares of Mondi Plc in a research report on Tuesday, July 5th. Goodbody restated a buy rating on shares of Mondi Plc in a research report on Thursday, August 4th. Barclays PLC restated an equal weight rating and set a GBX 1,500 ($18.56) target price on shares of Mondi Plc in a research report on Friday, August 5th. Finally, Citigroup Inc. restated a neutral rating and set a GBX 1,650 ($20.42) target price on shares of Mondi Plc in a research report on Tuesday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of GBX 1,689.44 ($20.91).
Shares of Mondi Plc (LON:MNDI) traded down 0.44% during mid-day trading on Friday, hitting GBX 1592.00. The stock had a trading volume of 811,356 shares. The stock’s market cap is GBX 7.71 billion. Mondi Plc has a 12-month low of GBX 1,108.00 and a 12-month high of GBX 1,702.00. The firm’s 50-day moving average price is GBX 1,611.51 and its 200 day moving average price is GBX 1,445.45.
In other news, insider Carol Hunt bought 18 shares of the stock in a transaction dated Friday, October 7th. The stock was bought at an average cost of GBX 1,686 ($20.87) per share, with a total value of £303.48 ($375.59).
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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