Mondi Plc (MNDI) Receives Average Rating of “Buy” from Brokerages
Mondi Plc (LON:MNDI) has been assigned an average rating of “Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 2,057.86 ($26.17).
A number of research firms have commented on MNDI. J P Morgan Chase & Co raised their price target on shares of Mondi Plc from GBX 2,080 ($26.46) to GBX 2,300 ($29.25) and gave the stock an “overweight” rating in a report on Friday. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 2,200 ($27.98) price objective on shares of Mondi Plc in a research note on Wednesday, June 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 2,250 ($28.62) price objective on shares of Mondi Plc in a research note on Thursday, May 18th. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 2,135 ($27.16) price objective on shares of Mondi Plc in a research note on Tuesday, May 30th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 1,870 ($23.79) price objective (up from GBX 1,500 ($19.08)) on shares of Mondi Plc in a research note on Thursday, March 30th.
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Mondi Plc (MNDI) traded down 0.88% during midday trading on Tuesday, reaching GBX 2021.00. 1,481,823 shares of the company traded hands. Mondi Plc has a 12-month low of GBX 1,240.00 and a 12-month high of GBX 2,121.00. The stock’s market capitalization is GBX 9.79 billion. The company has a 50 day moving average of GBX 2,032.03 and a 200-day moving average of GBX 1,867.07.
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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