Mondi Plc (MNDI) Price Target Cut to GBX 2,150 by Analysts at J P Morgan Chase & Co
Mondi Plc (LON:MNDI) had its price objective cut by stock analysts at J P Morgan Chase & Co from GBX 2,240 ($29.56) to GBX 2,150 ($28.37) in a note issued to investors on Monday. The firm presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price suggests a potential upside of 15.22% from the company’s current price.
Several other equities research analysts have also commented on MNDI. Deutsche Bank AG restated a “buy” rating and issued a GBX 2,300 ($30.35) price objective on shares of Mondi Plc in a research note on Monday, August 14th. Jefferies Group LLC restated a “buy” rating and issued a GBX 2,300 ($30.35) price objective on shares of Mondi Plc in a research note on Monday, October 23rd. Credit Suisse Group reduced their price objective on Mondi Plc from GBX 2,265 ($29.89) to GBX 2,220 ($29.30) and set a “neutral” rating for the company in a research note on Friday, October 13th. Goldman Sachs Group, Inc. (The) upped their price objective on Mondi Plc from GBX 2,100 ($27.71) to GBX 2,200 ($29.03) and gave the stock a “neutral” rating in a research note on Tuesday, September 12th. Finally, Citigroup Inc. restated a “neutral” rating and issued a GBX 2,480 ($32.73) price objective on shares of Mondi Plc in a research note on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 2,196.25 ($28.98).
Mondi Plc (LON:MNDI) opened at 1866.00 on Monday. The stock has a 50 day moving average price of GBX 1,993.14 and a 200-day moving average price of GBX 2,017.65. Mondi Plc has a 12-month low of GBX 1,495.00 and a 12-month high of GBX 2,145.00. The company’s market capitalization is GBX 9.04 billion.
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In other news, insider Tanya Fratto bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was bought at an average price of GBX 2,117 ($27.94) per share, with a total value of £21,170 ($27,936.13). Also, insider Peter Oswald bought 1,172 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was purchased at an average cost of GBX 1,925 ($25.40) per share, with a total value of £22,561 ($29,771.71). Insiders purchased a total of 22,194 shares of company stock valued at $44,278,177 in the last ninety days.
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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