Mondi (MNDI) Rating Reiterated by Jefferies Group
Mondi (LON:MNDI)‘s stock had its “buy” rating restated by analysts at Jefferies Group in a report issued on Monday.
Several other research analysts have also recently weighed in on the stock. Credit Suisse Group reiterated a “neutral” rating and set a GBX 2,220 ($29.88) price target on shares of Mondi in a research note on Wednesday, November 29th. J P Morgan Chase & Co dropped their price target on shares of Mondi from GBX 2,240 ($30.15) to GBX 2,150 ($28.94) and set an “overweight” rating on the stock in a research note on Monday, October 30th. Deutsche Bank reiterated a “hold” rating and set a GBX 2,150 ($28.94) price target on shares of Mondi in a research note on Wednesday, October 18th. Citigroup reiterated a “neutral” rating and set a GBX 2,480 ($33.38) price target on shares of Mondi in a research note on Thursday, October 12th. Finally, Goldman Sachs Group lifted their price target on shares of Mondi from GBX 2,100 ($28.26) to GBX 2,200 ($29.61) and gave the stock a “neutral” rating in a research note on Tuesday, September 12th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 2,196.25 ($29.56).
Mondi (LON MNDI) opened at GBX 1,827 ($24.59) on Monday. Mondi has a one year low of GBX 1,558 ($20.97) and a one year high of GBX 2,145 ($28.87).
In other news, insider Peter Oswald acquired 1,172 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The shares were purchased at an average cost of GBX 1,925 ($25.91) per share, for a total transaction of £22,561 ($30,364.74). Insiders have bought a total of 1,196 shares of company stock worth $2,301,001 over the last 90 days.
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Mondi 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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