Mondi Plc (MNDI) Receives “Buy” Rating from Jefferies Group LLC
Jefferies Group LLC reissued their buy rating on shares of Mondi Plc (LON:MNDI) in a research note published on Thursday morning. Jefferies Group LLC currently has a GBX 2,250 ($29.04) price objective on the stock.
Several other brokerages have also recently weighed in on MNDI. JPMorgan Chase & Co. upped their target price on Mondi Plc from GBX 2,070 ($26.72) to GBX 2,080 ($26.85) and gave the stock an overweight rating in a report on Friday, May 12th. Barclays PLC restated an equal weight rating and set a GBX 1,870 ($24.14) price objective (up from GBX 1,500 ($19.36)) on shares of Mondi Plc in a research note on Thursday, March 30th. Goldman Sachs Group Inc restated a neutral rating and set a GBX 2,000 ($25.82) price objective on shares of Mondi Plc in a research note on Monday, April 24th. Deutsche Bank AG upped their price objective on Mondi Plc from GBX 2,100 ($27.11) to GBX 2,200 ($28.40) and gave the stock a buy rating in a research note on Friday, April 21st. Finally, Credit Suisse Group AG cut Mondi Plc to a neutral rating and upped their price objective for the stock from GBX 2,025 ($26.14) to GBX 2,100 ($27.11) in a research note on Monday, March 6th. Four equities 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 a consensus price target of GBX 2,021.43 ($26.09).
Shares of Mondi Plc (LON:MNDI) traded up 0.10% during trading on Thursday, reaching GBX 1980.00. The company’s stock had a trading volume of 1,813,471 shares. The company has a 50-day moving average price of GBX 1,988.83 and a 200-day moving average price of GBX 1,790.44. The stock’s market cap is GBX 9.59 billion. Mondi Plc has a one year low of GBX 1,240.00 and a one year high of GBX 2,053.00.
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The business also recently disclosed a dividend, which was paid on Thursday, May 18th. Investors of record on Thursday, April 20th were paid a dividend of €0.38 ($0.42) per share. This represents a dividend yield of 1.67%. The ex-dividend date of this dividend was Thursday, April 20th.
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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