Mondi Price Target Raised to GBX 1,200 at Deutsche Bank (MNDI)
Equities research analysts at Deutsche Bank hoisted their price target on shares of Mondi (LON:MNDI) from GBX 1,050 ($17.60) to GBX 1,200 ($20.11) in a research note issued to investors on Thursday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 14.50% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Mondi in a research note on Wednesday. They now have a GBX 1,275 ($21.37) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Mondi in a research note on Friday, February 14th. They now have a GBX 1,310 ($21.95) price target on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Mondi in a research note on Friday, February 14th. They now have a GBX 1,142 ($19.14) price target on the stock. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Mondi currently has an average rating of “Buy” and a consensus target price of GBX 1,155.82 ($19.37).
Shares of Mondi (LON:MNDI) traded up 0.29% during mid-day trading on Thursday, hitting GBX 1048.00. The stock had a trading volume of 3,033,055 shares. Mondi has a 52 week low of GBX 745.50 and a 52 week high of GBX 1131.00. The stock’s 50-day moving average is GBX 987.1 and its 200-day moving average is GBX 1023.. The company’s market cap is £5.072 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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