Credit Suisse Reiterates Outperform Rating for Mondi Plc (MNDI)
Mondi Plc (LON:MNDI)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Tuesday, Stock Ratings News reports. They currently have a GBX 1,310 ($22.00) price objective on the stock. Credit Suisse’s price objective suggests a potential upside of 30.48% from the stock’s previous close.
Mondi Plc (LON:MNDI) remained flat at GBX 1004.00 during during mid-day trading trading on Tuesday. The stock had a trading volume of 1,003,843 shares. Mondi Plc has a 52-week low of GBX 745.50 and a 52-week high of GBX 1131.00. The stock has a 50-day moving average of GBX 1048. and a 200-day moving average of GBX 1024.. The company’s market cap is £4.852 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated a “buy” rating on shares of Mondi Plc in a research note on Monday, March 24th. They now have a GBX 1,230.50 ($20.67) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Mondi Plc in a research note on Tuesday, March 18th. They now have a GBX 1,275 ($21.41) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Mondi Plc in a research note on Thursday, March 13th. They now have a GBX 1,170 ($19.65) price target on the stock. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Mondi Plc has an average rating of “Buy” and an average price target of GBX 1,205.88 ($20.25).
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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