Mondi (MNDI) Stock Rating Upgraded by Goldman Sachs Group

Mondi (LON:MNDI) was upgraded by research analysts at Goldman Sachs Group to a “buy” rating in a research note issued to investors on Wednesday. The firm presently has a GBX 2,200 ($29.61) price objective on the stock. Goldman Sachs Group’s price objective indicates a potential upside of 16.28% from the company’s current price.

A number of other analysts have also commented on MNDI. Deutsche Bank reissued a “buy” rating on shares of Mondi in a report on Friday, September 8th. J P Morgan Chase & Co cut their target price on Mondi from GBX 2,300 ($30.96) to GBX 2,240 ($30.15) and set an “overweight” rating on the stock in a research note on Friday, September 29th. Citigroup restated a “neutral” rating and issued a GBX 2,480 ($33.38) target price on shares of Mondi in a research note on Thursday, October 12th. Credit Suisse Group cut their target price on Mondi from GBX 2,265 ($30.48) to GBX 2,220 ($29.88) and set a “neutral” rating on the stock in a research note on Friday, October 13th. Finally, Jefferies Group restated a “buy” rating and issued a GBX 2,300 ($30.96) target price on shares of Mondi in a research note on Monday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 2,196.25 ($29.56).

Shares of Mondi (MNDI) opened at GBX 1,892 ($25.46) on Wednesday. Mondi has a twelve month low of GBX 1,581 ($21.28) and a twelve month high of GBX 2,145 ($28.87).

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

ILLEGAL ACTIVITY NOTICE: “Mondi (MNDI) Stock Rating Upgraded by Goldman Sachs Group” was published by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://www.com-unik.info/2017/12/22/mondi-mndi-stock-rating-upgraded-by-goldman-sachs-group.html.

About Mondi

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 (LON:MNDI)

What are top analysts saying about Mondi? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Mondi and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit