J P Morgan Chase & Co Trims Mondi Plc (MNDI) Target Price to GBX 2,150
Mondi Plc (LON:MNDI) had its price target cut by J P Morgan Chase & Co from GBX 2,240 ($29.56) to GBX 2,150 ($28.37) in a research note released on Monday, MarketBeat reports. They currently have an overweight rating on the stock.
A number of other equities analysts have also commented on the stock. Deutsche Bank AG reaffirmed a hold rating and set a GBX 2,150 ($28.37) target price on shares of Mondi Plc in a research report on Wednesday, October 18th. Jefferies Group LLC raised their target price on shares of Mondi Plc from GBX 2,250 ($29.69) to GBX 2,300 ($30.35) and gave the stock a buy rating in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) raised their target price on shares of Mondi Plc from GBX 2,100 ($27.71) to GBX 2,200 ($29.03) and gave the stock a neutral rating in a research report on Tuesday, September 12th. Credit Suisse Group reduced their target price on shares of Mondi Plc from GBX 2,265 ($29.89) to GBX 2,220 ($29.30) and set a neutral rating on the stock in a research report on Friday, October 13th. Finally, Citigroup Inc. reaffirmed a neutral rating and set a GBX 2,480 ($32.73) target price on shares of Mondi Plc in a research report on Thursday, October 12th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 2,196.25 ($28.98).
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In related news, insider Andrew King acquired 20,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of GBX 1,993 ($26.30) per share, for a total transaction of £398,600 ($525,996.31). Also, insider Peter Oswald acquired 1,172 shares of the stock in a transaction dated Wednesday, October 11th. The shares were bought at an average price of GBX 1,925 ($25.40) per share, with a total value of £22,561 ($29,771.71). Insiders acquired 22,194 shares of company stock worth $44,278,177 over the last ninety days.
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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