Mondi (LON:MNDI) has earned a consensus recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have covered the stock in the last year is GBX 2,317.50 ($32.53).
A number of equities research analysts have commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Mondi in a research report on Wednesday, March 28th. JPMorgan Chase reaffirmed an “overweight” rating and issued a GBX 2,310 ($32.43) target price (up previously from GBX 2,200 ($30.88)) on shares of Mondi in a research report on Tuesday, March 13th. Credit Suisse Group raised shares of Mondi to an “outperform” rating and lifted their target price for the stock from GBX 2,220 ($31.16) to GBX 2,345 ($32.92) in a research report on Tuesday, March 6th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 2,300 ($32.29) target price on shares of Mondi in a research report on Tuesday, March 6th. Finally, Goldman Sachs reaffirmed a “buy” rating and issued a GBX 2,200 ($30.88) target price on shares of Mondi in a research report on Monday, March 5th.
LON:MNDI traded down GBX 5 ($0.07) during trading hours on Friday, reaching GBX 1,916.50 ($26.90). The company had a trading volume of 1,202,729 shares, compared to its average volume of 1,880,000. Mondi has a 52 week low of GBX 1,684 ($23.64) and a 52 week high of GBX 2,145 ($30.11).
Mondi Company Profile
Mondi plc manufactures and sells packaging and paper products primarily in central Europe, Russia, North America, and South Africa. Its products include virgin and recycled containerboards, sack and specialty kraft papers, pulp, corrugated packaging products, industrial bags, extrusion coatings, films and hygiene components, release liners, consumer goods packaging products, office and professional printing papers, and barrier coatings, as well as pre-made bags and pouches, printed laminates, and high-barrier films for the consumer industry.
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