Jefferies Group Reiterates “Buy” Rating for Mondi Plc (MNDI)
Mondi Plc (LON:MNDI)‘s stock had its “buy” rating restated by research analysts at Jefferies Group in a report released on Thursday. They currently have a GBX 1,325 ($22.30) price objective on the stock. Jefferies Group’s price objective points to a potential upside of 30.16% from the company’s current price.
Shares of Mondi Plc (LON:MNDI) traded down 0.79% during mid-day trading on Thursday, hitting GBX 1010.0001. 1,089,794 shares of the company’s stock traded hands. Mondi Plc has a 52-week low of GBX 895.00 and a 52-week high of GBX 1140.00. The stock has a 50-day moving average of GBX 1052. and a 200-day moving average of GBX 1033.. The company’s market cap is £4.881 billion.
A number of other firms have also recently commented on MNDI. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Mondi Plc in a research note on Wednesday, July 30th. They now have a GBX 1,215 ($20.44) price target on the stock. Separately, analysts at Avior Research reiterated an “outperform” rating on shares of Mondi Plc in a research note on Monday, July 28th. They now have a GBX 1,288 ($21.67) price target on the stock. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Mondi Plc presently has a consensus rating of “Buy” and a consensus target price of GBX 1,222.72 ($20.57).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.