Mondi Plc Receives Buy Rating from Goodbody Stockbrokers Ltd (MNDI)
Mondi Plc (LON:MNDI)‘s stock had its “buy” rating reiterated by research analysts at Goodbody Stockbrokers Ltd in a report released on Tuesday, Analyst Ratings Net reports. They currently have a GBX 1,240 ($20.62) price objective on the stock. Goodbody Stockbrokers Ltd’s price target points to a potential upside of 18.10% from the stock’s previous close.
Shares of Mondi Plc (LON:MNDI) traded up 0.29% on Tuesday, hitting GBX 1051.00. 3,203,419 shares of the company’s stock traded hands. Mondi Plc has a 1-year low of GBX 745.50 and a 1-year high of GBX 1131.00. The stock has a 50-day moving average of GBX 987.1 and a 200-day moving average of GBX 1023.. The company’s market cap is £5.087 billion.
Several other analysts have also recently commented on the stock. Analysts at Davy Research reiterated an “outperform” rating on shares of Mondi Plc in a research note on Monday. Separately, analysts at Deutsche Bank raised their price target on shares of Mondi Plc from GBX 1,050 ($17.46) to GBX 1,200 ($19.96) in a research note on Thursday, February 20th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Mondi Plc in a research note on Wednesday, February 19th. They now have a GBX 1,275 ($21.20) price target on the stock. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Mondi Plc presently has a consensus rating of “Buy” and a consensus price target of GBX 1,163.47 ($19.35).
Mondi plc is an international packaging and paper company. The Company continues to operate its forestry operations in order to manufacture pulp, uncoated fine paper and containerboard.
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