Mondi (MNDI) Stock Rating Upgraded by Deutsche Bank

Mondi (LON:MNDI) was upgraded by Deutsche Bank to a “buy” rating in a report released on Monday. The firm presently has a GBX 2,150 ($28.94) target price on the stock. Deutsche Bank’s target price would suggest a potential upside of 15.65% from the company’s previous close.

Several other equities analysts have also issued reports on MNDI. Goldman Sachs Group lifted their price target on Mondi from GBX 2,100 ($28.26) to GBX 2,200 ($29.61) and gave the stock a “neutral” rating in a research report on Tuesday, September 12th. J P Morgan Chase & Co lowered their price target on Mondi from GBX 2,300 ($30.96) to GBX 2,240 ($30.15) and set an “overweight” rating for the company in a research report on Friday, September 29th. Citigroup reaffirmed a “neutral” rating and issued a GBX 2,480 ($33.38) price target on shares of Mondi in a research report on Thursday, October 12th. Credit Suisse Group lowered their price target on Mondi from GBX 2,265 ($30.48) to GBX 2,220 ($29.88) and set a “neutral” rating for the company in a research report on Friday, October 13th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a GBX 2,300 ($30.96) price target on shares of Mondi in a research report on Monday, October 23rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 2,196.25 ($29.56).

Mondi (LON:MNDI) opened at GBX 1,859 ($25.02) on Monday. Mondi has a 52-week low of GBX 1,558 ($20.97) and a 52-week high of GBX 2,145 ($28.87).

In other Mondi news, insider Peter Oswald acquired 1,172 shares of Mondi stock in a transaction that occurred on Wednesday, October 11th. The stock was bought at an average cost of GBX 1,925 ($25.91) per share, for a total transaction of £22,561 ($30,364.74). Insiders purchased a total of 1,196 shares of company stock valued at $2,301,001 over the last quarter.

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Mondi 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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