Mondi Plc Given Average Recommendation of “Buy” by Brokerages (LON:MNDI)
Mondi Plc (LON:MNDI) has been given a consensus rating of “Buy” by the twelve brokerages that are currently covering the company, American Banking News.com reports. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 1,220.36 ($20.53).
MNDI has been the subject of a number of recent research reports. Analysts at BNP Paribas reiterated a “buy” rating on shares of Mondi Plc in a research note on Friday. They now have a GBX 1,209.25 ($20.35) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Mondi Plc in a research note on Thursday. They now have a GBX 1,215 ($20.44) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Mondi Plc in a research note on Thursday. They now have a GBX 1,325 ($22.30) price target on the stock.
Shares of Mondi Plc (LON:MNDI) traded down 0.99% on Friday, hitting GBX 1000.00. 634,210 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’s 50-day moving average is GBX 1052. and its 200-day moving average is GBX 1033.. The company’s market cap is £4.833 billion.
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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