Mondi Plc (MNDI) Stock Rating Reaffirmed by Jefferies Group LLC
Mondi Plc (LON:MNDI)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Group LLC in a report released on Monday. They presently have a GBX 2,300 ($30.56) price objective on the stock. Jefferies Group LLC’s target price indicates a potential upside of 21.69% from the company’s current price.
Other equities analysts also recently issued reports about the company. Deutsche Bank AG restated a “buy” rating on shares of Mondi Plc in a research report on Friday, September 8th. Credit Suisse Group lowered their price objective on Mondi Plc from GBX 2,265 ($30.10) to GBX 2,220 ($29.50) and set a “neutral” rating on the stock in a research report on Friday, October 13th. Goldman Sachs Group, Inc. (The) boosted their price objective on Mondi Plc from GBX 2,100 ($27.90) to GBX 2,200 ($29.23) and gave the company a “neutral” rating in a research report on Tuesday, September 12th. Citigroup Inc. restated a “neutral” rating and issued a GBX 2,480 ($32.95) price objective on shares of Mondi Plc in a research report on Thursday, October 12th. Finally, J P Morgan Chase & Co lowered their price objective on Mondi Plc from GBX 2,300 ($30.56) to GBX 2,240 ($29.76) and set an “overweight” rating on the stock in a research report on Friday, September 29th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 2,207.50 ($29.33).
Mondi Plc (LON MNDI) opened at 1889.00 on Monday. The firm has a 50-day moving average price of GBX 2,024.11 and a 200-day moving average price of GBX 2,020.83. Mondi Plc has a 52 week low of GBX 1,495.00 and a 52 week high of GBX 2,145.00. The company’s market capitalization is GBX 9.15 billion.
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In related news, insider Tanya Fratto acquired 1,000 shares of Mondi Plc stock in a transaction on Friday, September 1st. The shares were bought at an average cost of GBX 2,117 ($28.13) per share, with a total value of £21,170 ($28,129.15). Also, insider Peter Oswald acquired 1,172 shares of Mondi Plc stock in a transaction on Wednesday, October 11th. The shares were bought at an average cost of GBX 1,925 ($25.58) per share, for a total transaction of £22,561 ($29,977.41). Insiders purchased 22,194 shares of company stock worth $44,278,177 over the last quarter.
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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