Mondi Plc (MNDI) Cut to Neutral at JPMorgan Chase & Co.
Mondi Plc (LON:MNDI) was downgraded by equities research analysts at JPMorgan Chase & Co. to a “neutral” rating in a report issued on Friday. They presently have a GBX 1,740 ($21.53) target price on the stock, up from their prior target price of GBX 1,640 ($20.30). JPMorgan Chase & Co.’s price objective points to a potential upside of 8.89% from the stock’s current price.
MNDI has been the subject of a number of other research reports. Deutsche Bank AG cut their target price on shares of Mondi Plc from GBX 1,750 ($21.66) to GBX 1,700 ($21.04) and set a “buy” rating for the company in a research note on Tuesday, June 28th. Credit Suisse Group AG lifted their target price on shares of Mondi Plc from GBX 1,845 ($22.83) to GBX 1,880 ($23.27) and gave the company an “outperform” rating in a research note on Friday, August 5th. Citigroup Inc. reiterated a “neutral” rating and issued a GBX 1,650 ($20.42) target price on shares of Mondi Plc in a research note on Tuesday, August 23rd. Barclays PLC reiterated an “equal weight” rating and issued a GBX 1,500 ($18.56) target price on shares of Mondi Plc in a research note on Friday, August 5th. Finally, Goodbody reiterated a “buy” rating on shares of Mondi Plc in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Mondi Plc has a consensus rating of “Buy” and a consensus target price of GBX 1,667.22 ($20.63).
Shares of Mondi Plc (LON:MNDI) opened at 1598.00 on Friday. The stock’s 50 day moving average price is GBX 1,611.22 and its 200 day moving average price is GBX 1,443.31. The company’s market capitalization is GBX 7.74 billion. Mondi Plc has a 1-year low of GBX 1,108.00 and a 1-year high of GBX 1,702.00.
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In other Mondi Plc news, insider Carol Hunt bought 18 shares of the company’s stock in a transaction on Friday, October 7th. The stock was bought at an average price of GBX 1,686 ($20.87) per share, for a total transaction of £303.48 ($375.59).
About Mondi Plc
Mondi plc is a United Kingdom-based packaging and paper company. The Company is engaged in managing forests and producing pulp, paper and compound plastics for industrial and consumer packaging. The Company and Mondi Limited, under a dual listed company (DLC) structure, operate together as a single economic entity.
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