Mondi Plc (LON:MNDI) Receives GBX 2,081.88 Average Price Target from Brokerages

Shares of Mondi Plc (LON:MNDI) have been assigned a consensus rating of “Buy” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 2,065 ($26.89).

A number of analysts have commented on MNDI shares. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 2,200 ($28.65) price objective on shares of Mondi Plc in a research note on Wednesday, June 14th. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 2,135 ($27.80) price objective on shares of Mondi Plc in a research note on Tuesday, May 30th. J P Morgan Chase & Co increased their price target on shares of Mondi Plc from GBX 2,070 ($26.96) to GBX 2,080 ($27.09) and gave the stock an “overweight” rating in a research report on Friday, May 12th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a GBX 2,000 ($26.05) price target on shares of Mondi Plc in a research report on Monday, April 24th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a GBX 2,250 ($29.30) price target on shares of Mondi Plc in a research report on Thursday, May 18th.

Mondi Plc (MNDI) opened at 1979.00 on Monday. The company’s market cap is GBX 9.58 billion. Mondi Plc has a 52 week low of GBX 1,495.00 and a 52 week high of GBX 2,121.00. The company has a 50-day moving average of GBX 2,019.08 and a 200-day moving average of GBX 1,959.49.

The company also recently disclosed a dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, August 24th will be issued a €0.19 ($0.22) dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a yield of 0.87%.

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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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