Mondi Plc Receives “Buy” Rating from Jefferies Group (MNDI)
Mondi Plc (LON:MNDI)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group in a research report issued on Thursday. They currently have a GBX 1,325 ($21.93) target price on the stock. Jefferies Group’s price target would suggest a potential upside of 27.28% from the company’s current price.
Shares of Mondi Plc (LON:MNDI) traded down 0.87% during mid-day trading on Thursday, hitting GBX 1031.00. 922,514 shares of the company’s stock traded hands. Mondi Plc has a one year low of GBX 895.00 and a one year high of GBX 1140.00. The stock has a 50-day moving average of GBX 1028. and a 200-day moving average of GBX 1041.. The company’s market cap is £4.990 billion.
MNDI has been the subject of a number of other recent research reports. Analysts at Davy Research reiterated an “outperform” rating on shares of Mondi Plc in a research note on Monday, August 18th. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Mondi Plc in a research note on Friday, August 15th. They now have a GBX 1,265 ($20.93) price target on the stock. Finally, analysts at BNP Paribas reiterated a “buy” rating on shares of Mondi Plc in a research note on Friday, August 8th. They now have a GBX 1,209.25 ($20.01) price target on the stock. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Mondi Plc has an average rating of “Buy” and an average price target of GBX 1,225.92 ($20.29).
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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