Mondi Plc (MNDI) Receives Buy Rating from Deutsche Bank AG
Mondi Plc (LON:MNDI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research report issued on Friday.
Other equities research analysts have also recently issued research reports about the company. Jefferies Group LLC increased their target price on Mondi Plc from GBX 2,250 ($29.06) to GBX 2,300 ($29.70) and gave the company a “buy” rating in a report on Tuesday, July 18th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Mondi Plc in a report on Friday, August 4th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a GBX 2,135 ($27.57) target price on shares of Mondi Plc in a report on Tuesday, May 30th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 2,157.86 ($27.87).
Mondi Plc (LON MNDI) traded down 0.25% during trading on Friday, reaching GBX 2023.00. The company’s stock had a trading volume of 1,292,604 shares. The company’s market capitalization is GBX 9.80 billion. The company has a 50 day moving average price of GBX 2,041.59 and a 200-day moving average price of GBX 1,998.85. Mondi Plc has a 52 week low of GBX 1,495.00 and a 52 week high of GBX 2,134.00.
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In other Mondi Plc news, insider Tanya Fratto acquired 1,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were acquired at an average price of GBX 2,117 ($27.34) per share, for a total transaction of £21,170 ($27,340.82). Also, insider Andrew King acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of GBX 1,993 ($25.74) per share, for a total transaction of £398,600 ($514,787.55). Insiders have bought 21,015 shares of company stock worth $42,006,817 in the last 90 days.
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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