Mondi Plc (MNDI) Given Average Rating of “Buy” by Analysts
Mondi Plc (LON:MNDI) has received a consensus recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 2,140 ($30.01).
MNDI has been the subject of several recent research reports. Deutsche Bank reiterated a “buy” rating and set a GBX 2,200 ($30.85) target price (up from GBX 2,150 ($30.15)) on shares of Mondi in a report on Friday, February 2nd. Citigroup reiterated a “buy” rating on shares of Mondi in a report on Monday, January 15th. Goldman Sachs Group upgraded shares of Mondi to a “buy” rating and set a GBX 2,200 ($30.85) target price for the company in a report on Wednesday, December 20th. Jefferies Group reiterated a “buy” rating on shares of Mondi in a report on Monday, December 18th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a GBX 2,220 ($31.13) target price on shares of Mondi in a report on Wednesday, November 29th.
Shares of Mondi (MNDI) traded down GBX 33 ($0.46) on Friday, reaching GBX 1,776 ($24.90). 1,441,760 shares of the company’s stock traded hands, compared to its average volume of 1,290,000. Mondi has a twelve month low of GBX 1,684 ($23.61) and a twelve month high of GBX 2,145 ($30.08). The stock has a market capitalization of $8,650.00 and a price-to-earnings ratio of 1,557.89.
Mondi 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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