Mondi (LON:MNDI) was upgraded by equities research analysts at Deutsche Bank to a “buy” rating in a report released on Monday, December 18th. The firm currently has a GBX 2,150 ($29.16) price objective on the stock. Deutsche Bank’s price objective points to a potential upside of 13.04% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. Jefferies Group reissued a “buy” rating and issued a GBX 2,300 ($31.19) target price on shares of Mondi in a research report on Monday, November 27th. Goldman Sachs Group lifted their target price on Mondi from GBX 2,100 ($28.48) to GBX 2,200 ($29.83) and gave the company a “neutral” rating in a research report on Tuesday, September 12th. Credit Suisse Group dropped their target price on Mondi from GBX 2,265 ($30.72) to GBX 2,220 ($30.11) and set a “neutral” rating on the stock in a research report on Friday, October 13th. Citigroup reissued a “neutral” rating and issued a GBX 2,480 ($33.63) target price on shares of Mondi in a research report on Thursday, October 12th. Finally, JPMorgan Chase & Co. dropped their target price on Mondi from GBX 2,240 ($30.38) to GBX 2,150 ($29.16) and set an “overweight” rating on the stock in a research report on Monday, October 30th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 2,196.25 ($29.78).
Shares of Mondi (MNDI) traded up GBX 5 ($0.07) on Monday, hitting GBX 1,902 ($25.79). 1,189,502 shares of the company’s stock were exchanged, compared to its average volume of 1,600,000. The firm has a market capitalization of $9,320.00 and a PE ratio of 1,668.42. Mondi has a 1-year low of GBX 1,643 ($22.28) and a 1-year high of GBX 2,145 ($29.09).
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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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