Mondi Plc (MNDI) Price Target Cut to GBX 2,220
Mondi Plc (LON:MNDI) had its price target cut by equities research analysts at Credit Suisse Group from GBX 2,265 ($29.78) to GBX 2,220 ($29.19) in a research note issued to investors on Friday. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s price target points to a potential upside of 14.14% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. Jefferies Group LLC increased their price target on shares of Mondi Plc from GBX 2,250 ($29.58) to GBX 2,300 ($30.24) and gave the company a “buy” rating in a research note on Tuesday, July 18th. Deutsche Bank AG cut shares of Mondi Plc to a “hold” rating and decreased their price target for the company from GBX 2,300 ($30.24) to GBX 2,150 ($28.27) in a research note on Thursday. Citigroup Inc. reissued a “neutral” rating and set a GBX 2,480 ($32.61) price target on shares of Mondi Plc in a research note on Thursday. J P Morgan Chase & Co reissued an “overweight” rating on shares of Mondi Plc in a research note on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) increased their price target on shares of Mondi Plc from GBX 2,100 ($27.61) to GBX 2,200 ($28.92) and gave the company a “neutral” rating in a research note on Tuesday, September 12th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Mondi Plc has an average rating of “Hold” and a consensus target price of GBX 2,207.50 ($29.02).
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In other Mondi Plc news, insider Tanya Fratto acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were acquired at an average cost of GBX 2,117 ($27.83) per share, for a total transaction of £21,170 ($27,833.29). Also, insider Peter Oswald acquired 1,172 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was acquired at an average price of GBX 1,925 ($25.31) per share, for a total transaction of £22,561 ($29,662.11). Insiders purchased 22,194 shares of company stock worth $44,278,177 over the last 90 days.
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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