Mondi Plc (MNDI) Receives Average Recommendation of “Hold” from Analysts

Mondi Plc (LON:MNDI) has been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,196.25 ($28.98).

Several equities research analysts have recently weighed in on MNDI shares. Goldman Sachs Group, Inc. (The) raised their target price 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 report on Tuesday, September 12th. Deutsche Bank AG raised their target price on Mondi Plc from GBX 2,200 ($29.03) to GBX 2,300 ($30.35) and gave the stock a “buy” rating in a research report on Thursday, July 27th. J P Morgan Chase & Co cut their target price on Mondi Plc from GBX 2,300 ($30.35) to GBX 2,240 ($29.56) and set an “overweight” rating on the stock in a research report on Friday, September 29th. Jefferies Group LLC reissued a “buy” rating and set a GBX 2,300 ($30.35) target price on shares of Mondi Plc in a research report on Monday, October 23rd. Finally, Credit Suisse Group cut their target price on Mondi Plc from GBX 2,265 ($29.89) to GBX 2,220 ($29.30) and set a “neutral” rating on the stock in a research report on Friday, October 13th.

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Mondi Plc (MNDI) traded up 0.82% during trading on Wednesday, hitting GBX 1836.00. 4,179,324 shares of the stock traded hands. The company’s market cap is GBX 8.89 billion. 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 50 day moving average price is GBX 1,982.30 and its 200 day moving average price is GBX 2,016.38.

In other news, insider Andrew King purchased 20,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were bought at an average price of GBX 1,993 ($26.30) per share, with a total value of £398,600 ($525,996.31). Also, insider Peter Oswald purchased 1,172 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were purchased at an average cost of GBX 1,925 ($25.40) per share, for a total transaction of £22,561 ($29,771.71). In the last ninety days, insiders have acquired 22,194 shares of company stock worth $44,278,177.

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.

Analyst Recommendations for Mondi Plc (LON:MNDI)

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