Mondi Plc (LON:MNDI) had its price objective raised by Deutsche Bank AG from GBX 1,700 ($20.72) to GBX 1,900 ($23.16) in a research report released on Monday. The firm currently has a buy rating on the stock.
Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Mondi Plc to a neutral rating and lifted their price objective for the stock from GBX 1,640 ($19.99) to GBX 1,740 ($21.21) in a research note on Friday. Credit Suisse Group AG boosted their target price on shares of Mondi Plc from GBX 1,880 ($22.91) to GBX 2,025 ($24.68) and gave the company an outperform rating in a research report on Friday. Jefferies Group boosted their target price on shares of Mondi Plc from GBX 1,800 ($21.94) to GBX 1,900 ($23.16) and gave the company a buy rating in a research report on Tuesday, September 27th. Goldman Sachs Group Inc. cut shares of Mondi Plc to a sell rating and boosted their target price for the company from GBX 1,325 ($16.15) to GBX 1,400 ($17.06) in a research report on Friday, September 2nd. Finally, Citigroup Inc. restated a neutral rating and issued a GBX 1,650 ($20.11) target price on shares of Mondi Plc in a research report on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of GBX 1,689.44 ($20.59).
Mondi Plc (LON:MNDI) opened at 1622.00 on Monday. The firm’s market capitalization is GBX 7.85 billion. The company has a 50-day moving average of GBX 1,611.94 and a 200 day moving average of GBX 1,448.89. Mondi Plc has a one year low of GBX 1,108.00 and a one year high of GBX 1,702.00.
In other Mondi Plc news, insider Carol Hunt bought 18 shares of Mondi Plc stock in a transaction on Friday, October 7th. The shares were purchased 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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