Mondi (MNDI) Stock Rating Upgraded by Goldman Sachs Group
MNDI has been the subject of several other research reports. Jefferies Group restated a buy rating and issued a GBX 2,300 ($30.96) price target on shares of Mondi in a report on Monday, November 27th. Deutsche Bank upgraded shares of Mondi to a buy rating and set a GBX 2,150 ($28.94) price target for the company in a report on Monday, December 18th. J P Morgan Chase & Co reduced their price target on shares of Mondi from GBX 2,240 ($30.15) to GBX 2,150 ($28.94) and set an overweight rating for the company in a report on Monday, October 30th. Credit Suisse Group reduced their price target on shares of Mondi from GBX 2,265 ($30.48) to GBX 2,220 ($29.88) and set a neutral rating for the company in a report on Friday, October 13th. Finally, Citigroup restated a neutral rating and issued a GBX 2,480 ($33.38) price target on shares of Mondi in a report on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 2,196.25 ($29.56).
Shares of Mondi (LON MNDI) opened at GBX 1,874 ($25.22) 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). The company has a market cap of $9,090.00 and a PE ratio of 1,643.86.
In other news, insider Peter Oswald acquired 1,172 shares of Mondi stock in a transaction that occurred on Wednesday, October 11th. The stock was purchased at an average price of GBX 1,925 ($25.91) per share, for a total transaction of £22,561 ($30,364.74). In the last quarter, insiders have purchased 1,196 shares of company stock valued at $2,301,001.
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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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