Barclays Reiterates Equal Weight Rating for Mondi (MNDI)
Mondi (LON:MNDI)‘s stock had its “equal weight” rating reaffirmed by research analysts at Barclays in a report released on Wednesday, American Banking & Market News reports. They currently have a GBX 1,080 ($17.73) price objective on the stock. Barclays’ price objective would suggest a potential upside of 7.89% from the stock’s previous close.
A number of other firms have also recently commented on MNDI. Analysts at Avior Research reiterated an “outperform” rating on shares of Mondi in a research note to investors on Monday. They now have a GBX 1,201 ($19.71) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Mondi in a research note to investors on Friday, January 17th. They now have a GBX 1,310 ($21.50) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Mondi in a research note to investors on Monday, January 13th. They now have a GBX 1,275 ($20.93) price target on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Mondi has a consensus rating of “Buy” and a consensus target price of GBX 1,152.20 ($18.91).
Mondi (LON:MNDI) traded down 2.37% on Wednesday, hitting GBX 969.50. The stock had a trading volume of 821,065 shares. Mondi has a 52-week low of GBX 711.50 and a 52-week high of GBX 1131.00. The stock has a 50-day moving average of GBX 990. and a 200-day moving average of GBX 1016.. The company’s market cap is £4.692 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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