Mondi (LON:MNDI) had its price target raised by equities research analysts at JPMorgan Chase & Co. from GBX 2,200 ($30.40) to GBX 2,310 ($31.91) in a report released on Tuesday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 17.32% from the stock’s previous close.
A number of other equities analysts have also issued reports on MNDI. Jefferies Group restated a “buy” rating and issued a GBX 2,300 ($31.78) target price on shares of Mondi in a research note on Monday, November 27th. Credit Suisse Group restated a “neutral” rating and issued a GBX 2,220 ($30.67) target price on shares of Mondi in a research note on Wednesday, November 29th. Deutsche Bank raised Mondi to a “buy” rating and set a GBX 2,150 ($29.70) price target on the stock in a research report on Monday, December 18th. Goldman Sachs Group raised Mondi to a “buy” rating and set a GBX 2,200 ($30.40) price target on the stock in a research report on Wednesday, December 20th. Finally, Citigroup reaffirmed a “buy” rating on shares of Mondi in a research report on Monday, January 15th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 2,253.57 ($31.14).
Mondi (MNDI) opened at GBX 1,969 ($27.20) on Tuesday. The stock has a market capitalization of $9,640.00 and a price-to-earnings ratio of 1,600.81. Mondi has a 52 week low of GBX 1,684 ($23.27) and a 52 week high of GBX 2,145 ($29.64).
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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