Mondi Plc (MNDI) Earns “Buy” Rating from Deutsche Bank AG
Mondi Plc (LON:MNDI)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank AG in a research report issued to clients and investors on Wednesday. They presently have a GBX 2,200 ($27.83) price target on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 7.74% from the stock’s current price.
Several other analysts also recently issued reports on the stock. Credit Suisse Group reissued a “neutral” rating and set a GBX 2,135 ($27.01) target price on shares of Mondi Plc in a research note on Tuesday, May 30th. Jefferies Group LLC reissued a “buy” rating and set a GBX 2,250 ($28.46) target price on shares of Mondi Plc in a research note on Thursday, May 18th. J P Morgan Chase & Co boosted their target price on shares of Mondi Plc from GBX 2,070 ($26.19) to GBX 2,080 ($26.31) and gave the company an “overweight” rating in a research note on Friday, May 12th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 2,000 ($25.30) target price on shares of Mondi Plc in a research note on Monday, April 24th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 1,870 ($23.66) target price (up from GBX 1,500 ($18.98)) on shares of Mondi Plc in a research note on Thursday, March 30th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 2,026.43 ($25.63).
Mondi Plc (LON MNDI) opened at 2042.00 on Wednesday. The firm’s 50-day moving average price is GBX 2,022.06 and its 200 day moving average price is GBX 1,847.51. The stock’s market cap is GBX 9.89 billion. Mondi Plc has a 52-week low of GBX 1,240.00 and a 52-week high of GBX 2,075.00.
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About Mondi Plc
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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