Credit Suisse Group AG Increases Mondi Plc (MNDI) Price Target to GBX 2,025
Mondi Plc (LON:MNDI) had its target price boosted by stock analysts at Credit Suisse Group AG from GBX 1,880 ($23.27) to GBX 2,025 ($25.06) in a research report issued to clients and investors on Friday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 26.72% from the stock’s previous close.
Other analysts have also issued research reports about the company. Deutsche Bank AG restated a “buy” rating and set a GBX 1,700 ($21.04) price target on shares of Mondi Plc in a report on Tuesday, July 26th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 1,800 ($22.28) price objective on shares of Mondi Plc in a research report on Tuesday, July 5th. Goodbody reaffirmed a “buy” rating on shares of Mondi Plc in a research report on Thursday, August 4th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 1,500 ($18.56) price objective on shares of Mondi Plc in a research report on Friday, August 5th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 1,650 ($20.42) price objective on shares of Mondi Plc in a research report on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,652.78 ($20.46).
Mondi Plc (LON:MNDI) opened at 1598.00 on Friday. The stock’s market cap is GBX 7.74 billion. Mondi Plc has a 52-week low of GBX 1,108.00 and a 52-week high of GBX 1,702.00. The stock has a 50 day moving average price of GBX 1,611.22 and a 200 day moving average price of GBX 1,443.31.
In related news, insider Carol Hunt acquired 18 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The stock was purchased at an average cost of GBX 1,686 ($20.87) per share, for a total transaction of £303.48 ($375.59).
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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