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).
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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