Credit Suisse Reiterates Outperform Rating for Mondi (MNDI)
Mondi (LON:MNDI)‘s stock had its “outperform” rating reiterated by equities researchers at Credit Suisse in a research report issued on Thursday, American Banking News reports. They currently have a GBX 1,310 ($21.02) price target on the stock. Credit Suisse’s price target would indicate a potential upside of 28.18% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. upgraded shares of Mondi from a “sell” rating to a “neutral” rating in a research note to investors on Thursday, October 3rd. They now have a GBX 1,100 ($17.65) price target on the stock, up previously from GBX 810 ($13.00). Separately, analysts at Davy Research reiterated an “outperform” rating on shares of Mondi in a research note to investors on Friday, September 13th. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Mondi in a research note to investors on Thursday, September 12th. They now have a GBX 1,150 ($18.45) price target on the stock. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,055.54 ($16.93).
Mondi (LON:MNDI) opened at 1036.00 on Thursday. Mondi has a 52 week low of GBX 625.00 and a 52 week high of GBX 1117.00. The stock’s 50-day moving average is GBX 1054.56 and its 200-day moving average is GBX 926.9. The company’s market cap is £5.014 billion.
Mondi plc is the holding company of the Mondi Group. The Company’s key operations are located in central Europe, Russia and South Africa.
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