Mondi Plc (MNDI) Receives “Buy” Rating from Jefferies Group
Several other research firms have also commented on MNDI. Credit Suisse Group reaffirmed an outperform rating on shares of Mondi Plc in a research note on Tuesday, January 3rd. Davy Research reaffirmed an outperform rating on shares of Mondi Plc in a research note on Monday, October 24th. Deutsche Bank AG lifted their price objective on shares of Mondi Plc from GBX 1,700 ($20.67) to GBX 1,900 ($23.11) and gave the stock a buy rating in a research note on Monday, October 17th. Finally, J P Morgan Chase & Co lowered shares of Mondi Plc to a neutral rating and lifted their price objective for the stock from GBX 1,640 ($19.94) to GBX 1,740 ($21.16) in a research note on Friday, October 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Mondi Plc has an average rating of Buy and a consensus price target of GBX 1,689.44 ($20.55).
Shares of Mondi Plc (LON:MNDI) traded up 1.49% on Thursday, hitting GBX 1768.00. 1,783,724 shares of the company traded hands. The firm’s 50-day moving average is GBX 1,611.43 and its 200 day moving average is GBX 1,561.37. The firm’s market capitalization is GBX 8.56 billion. Mondi Plc has a 1-year low of GBX 1,108.00 and a 1-year high of GBX 1,775.00.
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In other Mondi Plc news, insider David A. Hathorn acquired 20 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was bought at an average cost of GBX 1,577 ($19.18) per share, with a total value of £315.40 ($383.56). Also, insider David A. Hathorn sold 65,000 shares of the company’s stock in a transaction dated Tuesday, October 18th. The stock was sold at an average price of GBX 1,619 ($19.69), for a total transaction of £1,052,350 ($1,279,764.08).
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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