Deutsche Bank AG Increases Mondi Plc (MNDI) Price Target to GBX 1,900
Mondi Plc (LON:MNDI) had its price objective raised by investment analysts at Deutsche Bank AG from GBX 1,700 ($20.72) to GBX 1,900 ($23.16) in a research note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 17.79% from the company’s previous close.
Other equities analysts have also issued reports about the company. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 1,845 ($22.49) price target on shares of Mondi Plc in a research note on Thursday, August 4th. Goodbody reissued a “hold” rating on shares of Mondi Plc in a research note on Tuesday, July 26th. JPMorgan Chase & Co. increased their price target on Mondi Plc from GBX 1,530 ($18.65) to GBX 1,610 ($19.62) and gave the company an “overweight” rating in a research note on Monday, July 18th. Davy Research reissued an “outperform” rating on shares of Mondi Plc in a research note on Thursday, August 4th. Finally, Jefferies Group increased their price target on Mondi Plc from GBX 1,800 ($21.94) to GBX 1,900 ($23.16) and gave the company a “buy” rating in a research note on Tuesday, September 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 1,689.44 ($20.59).
Shares of Mondi Plc (LON:MNDI) opened at 1614.00 on Monday. The company’s market capitalization is GBX 7.81 billion. The company’s 50 day moving average price is GBX 1,612.39 and its 200 day moving average price is GBX 1,449.80. Mondi Plc has a 52-week low of GBX 1,108.00 and a 52-week high of GBX 1,702.00.
In related news, insider Carol Hunt acquired 18 shares of the stock in a transaction dated Friday, October 7th. The stock was acquired at an average cost of GBX 1,686 ($20.55) per share, with a total value of £303.48 ($369.87).
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.
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