Mondi Plc (MNDI) Given New GBX 1,900 Price Target at Deutsche Bank AG
Mondi Plc (LON:MNDI) had its target price lifted by analysts at Deutsche Bank AG from GBX 1,700 ($21.04) to GBX 1,900 ($23.51) in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 18.82% from the company’s current price.
Several other research firms also recently issued reports on MNDI. Jefferies Group upped their price objective on Mondi Plc from GBX 1,800 ($22.28) to GBX 1,900 ($23.51) and gave the company a “buy” rating in a research note on Tuesday, September 27th. JPMorgan Chase & Co. downgraded shares of Mondi Plc to a “neutral” rating and increased their target price for the company from GBX 1,640 ($20.30) to GBX 1,740 ($21.53) in a research report on Friday. Credit Suisse Group AG increased their target price on shares of Mondi Plc from GBX 1,880 ($23.27) to GBX 2,025 ($25.06) and gave the company an “outperform” rating in a research report on Friday. Citigroup Inc. reissued a “neutral” rating and set a GBX 1,650 ($20.42) target price on shares of Mondi Plc in a research report on Tuesday, August 23rd. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 1,500 ($18.56) target price on shares of Mondi Plc in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 1,689.44 ($20.91).
Shares of Mondi Plc (LON:MNDI) opened at 1583.00 on Monday. The stock has a 50 day moving average of GBX 1,611.51 and a 200-day moving average of GBX 1,445.45. The company’s market cap is GBX 7.66 billion. Mondi Plc has a 12 month low of GBX 1,108.00 and a 12 month high of GBX 1,702.00.
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In related news, insider Carol Hunt acquired 18 shares of the company’s stock in a transaction on Friday, October 7th. The shares were acquired at an average cost of GBX 1,686 ($20.87) per share, for a total transaction of £303.48 ($375.59).
Mondi Plc Company Profile
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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