Mondi Plc (MNDI) Downgraded to “Hold” at Deutsche Bank AG
Mondi Plc (LON:MNDI) was downgraded by Deutsche Bank AG to a “hold” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 2,150 ($28.27) price objective on the stock, down from their prior price objective of GBX 2,300 ($30.24). Deutsche Bank AG’s price objective would suggest a potential upside of 12.45% from the company’s previous close.
A number of other equities analysts also recently commented on the stock. J P Morgan Chase & Co dropped their target price on shares of Mondi Plc from GBX 2,300 ($30.24) to GBX 2,240 ($29.45) and set an “overweight” rating on the stock in a research note on Friday, September 29th. Goldman Sachs Group, Inc. (The) upped their target price on shares of Mondi Plc from GBX 2,100 ($27.61) to GBX 2,200 ($28.92) and gave the stock a “neutral” rating in a research note on Tuesday, September 12th. Finally, Jefferies Group LLC upped their target price on shares of Mondi Plc from GBX 2,250 ($29.58) to GBX 2,300 ($30.24) and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 2,207.50 ($29.02).
Shares of Mondi Plc (MNDI) traded down 1.70% during mid-day trading on Thursday, reaching GBX 1912.00. 2,138,343 shares of the company’s stock traded hands. The stock has a 50-day moving average price of GBX 2,047.80 and a 200 day moving average price of GBX 2,023.75. The firm’s market capitalization is GBX 7.02 billion. Mondi Plc has a 12-month low of GBX 1,495.00 and a 12-month high of GBX 2,145.00.
In other Mondi Plc news, insider Tanya Fratto purchased 1,000 shares of the stock in a transaction dated Friday, September 1st. The stock was purchased at an average price of GBX 2,117 ($27.83) per share, with a total value of £21,170 ($27,833.29). Also, insider Andrew King purchased 20,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of GBX 1,993 ($26.20) per share, with a total value of £398,600 ($524,059.95). Insiders bought a total of 22,194 shares of company stock valued at $44,278,177 in the last ninety 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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