Mondi Plc (LON:MNDI) was downgraded by equities research analysts at JPMorgan Chase & Co. to a “neutral” rating in a report issued on Friday. They presently have a GBX 1,740 ($21.21) price target on the stock, up from their prior price target of GBX 1,640 ($19.99). JPMorgan Chase & Co.’s price target points to a potential upside of 9.71% from the company’s previous close.
Several other equities analysts have also weighed in on the stock. Goldman Sachs Group Inc. upgraded shares of Mondi Plc to a “neutral” rating and boosted their target price for the company from GBX 1,250 ($15.23) to GBX 1,290 ($15.72) in a report on Friday, July 1st. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 1,700 ($20.72) target price on shares of Mondi Plc in a report on Friday, August 26th. Jefferies Group upped their price objective on shares of Mondi Plc from GBX 1,800 ($21.94) to GBX 1,900 ($23.16) and gave the stock a “buy” rating in a report on Tuesday, September 27th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 1,880 ($22.91) price objective on shares of Mondi Plc in a report on Tuesday, August 30th. Finally, Citigroup Inc. restated a “neutral” rating and issued a GBX 1,650 ($20.11) price objective 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 issued 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 target price of GBX 1,689.44 ($20.59).
Mondi Plc (LON:MNDI) opened at 1586.00 on Friday. Mondi Plc has a one year low of GBX 1,108.00 and a one year high of GBX 1,702.00. The company’s 50-day moving average is GBX 1,611.94 and its 200 day moving average is GBX 1,448.89. The stock’s market capitalization is GBX 7.68 billion.
In other news, insider Carol Hunt acquired 18 shares of the company’s stock in a transaction on Friday, October 7th. The shares were bought at an average cost of GBX 1,686 ($20.55) per share, with a total value of £303.48 ($369.87).
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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