Mondi Plc (LON:MNDI) Receives Average Recommendation of “Buy” from Brokerages
Mondi Plc (LON:MNDI) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 2,081.88 ($27.12).
A number of brokerages have commented on MNDI. Jefferies Group LLC increased their price objective on shares of Mondi Plc from GBX 2,250 ($29.31) to GBX 2,300 ($29.96) and gave the company a “buy” rating in a research report on Tuesday, July 18th. Barclays PLC reissued an “equal weight” rating and issued a GBX 1,870 ($24.36) price objective (up from GBX 1,500 ($19.54)) on shares of Mondi Plc in a research report on Thursday, March 30th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 2,000 ($26.06) target price on shares of Mondi Plc in a research report on Monday, April 24th. J P Morgan Chase & Co increased their target price on shares of Mondi Plc from GBX 2,070 ($26.97) to GBX 2,080 ($27.10) and gave the company an “overweight” rating in a research report on Friday, May 12th. Finally, Deutsche Bank AG increased their target price on shares of Mondi Plc from GBX 2,100 ($27.36) to GBX 2,200 ($28.66) and gave the company a “buy” rating in a research report on Friday, April 21st.
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Mondi Plc (MNDI) traded down 1.17% during trading on Monday, reaching GBX 2029.00. 966,514 shares of the company’s stock traded hands. The company has a 50 day moving average price of GBX 2,038.56 and a 200-day moving average price of GBX 1,928.52. The company’s market cap is GBX 9.82 billion. Mondi Plc has a 12-month low of GBX 1,404.00 and a 12-month high of GBX 2,121.00.
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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