Jefferies Group Reiterates Buy Rating for Mondi (MNDI)
Mondi (LON:MNDI)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group in a report issued on Monday, AnalystRatingsNetwork reports. They currently have a GBX 1,275 ($21.01) price target on the stock. Jefferies Group’s target price indicates a potential upside of 25.99% from the stock’s previous close.
Shares of Mondi (LON:MNDI) opened at 1012.00 on Monday. Mondi has a 1-year low of GBX 711.50 and a 1-year high of GBX 1131.00. The stock has a 50-day moving average of GBX 991.2 and a 200-day moving average of GBX 1011.. The company’s market cap is £4.898 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. cut their price target on shares of Mondi from GBX 1,356 ($22.35) to GBX 1,242 ($20.47) in a research note to investors on Wednesday, December 18th. They now have a “neutral” rating on the stock. Separately, analysts at Bank of America Corp. upgraded shares of Mondi to a “buy” rating in a research note to investors on Wednesday, December 18th. They now have a GBX 1,168 ($19.25) price target on the stock, up previously from GBX 1,084 ($17.86). Finally, analysts at Davy Research reiterated an “outperform” rating on shares of Mondi in a research note to investors on Tuesday, December 17th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 1,149.61 ($18.95).
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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