Mondi Plc (MNDI) Given Consensus Rating of “Buy” by Brokerages
Mondi Plc (LON:MNDI) has received a consensus rating of “Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 2,131.67 ($28.91).
MNDI has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Mondi from GBX 2,300 ($31.19) to GBX 2,240 ($30.38) and set an “overweight” rating for the company in a report on Friday, September 29th. Deutsche Bank downgraded shares of Mondi to a “hold” rating and cut their price target for the company from GBX 2,300 ($31.19) to GBX 2,150 ($29.16) in a report on Thursday, October 12th. Citigroup reissued a “neutral” rating and set a GBX 2,480 ($33.63) price target on shares of Mondi in a report on Thursday, October 12th. Credit Suisse Group reissued a “neutral” rating and set a GBX 2,220 ($30.11) price target on shares of Mondi in a report on Wednesday, November 29th. Finally, Jefferies Group reissued a “buy” rating and set a GBX 2,300 ($31.19) price target on shares of Mondi in a report on Monday, October 23rd.
Shares of Mondi (MNDI) traded up GBX 10 ($0.14) during trading on Monday, hitting GBX 1,933.50 ($26.22). 848,971 shares of the stock traded hands, compared to its average volume of 1,560,000. Mondi has a 1-year low of GBX 1,684 ($22.84) and a 1-year high of GBX 2,145 ($29.09). The firm has a market cap of $9,430.00 and a price-to-earnings ratio of 1,696.05.
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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