Mondi (LON:MNDI) Given Buy Rating at UBS Group
UBS Group reissued their buy rating on shares of Mondi (LON:MNDI) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports.
MNDI has been the topic of a number of other research reports. Jefferies Financial Group cut their target price on Mondi from GBX 1,900 ($24.99) to GBX 1,870 ($24.60) and set a buy rating on the stock in a research report on Tuesday, December 10th. Bank of America lowered Mondi to a neutral rating and cut their target price for the company from GBX 1,800 ($23.68) to GBX 1,700 ($22.36) in a research report on Wednesday, January 15th. Credit Suisse Group boosted their target price on Mondi from GBX 1,910 ($25.12) to GBX 2,025 ($26.64) and gave the company an outperform rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. cut their target price on Mondi from GBX 2,000 ($26.31) to GBX 1,730 ($22.76) and set an overweight rating on the stock in a research report on Tuesday, January 21st. Finally, Deutsche Bank reissued a buy rating on shares of Mondi in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Mondi has a consensus rating of Buy and an average price target of GBX 1,863.33 ($24.51).
Shares of MNDI stock traded down GBX 57.50 ($0.76) during trading on Friday, hitting GBX 1,562 ($20.55). 4,033,259 shares of the stock traded hands, compared to its average volume of 1,880,000. The firm has a market capitalization of $7.58 billion and a P/E ratio of 9.65. The company has a debt-to-equity ratio of 58.89, a current ratio of 1.47 and a quick ratio of 0.81. The firm’s fifty day moving average price is GBX 1,635.32 and its 200-day moving average price is GBX 1,634.94. Mondi has a 52-week low of GBX 1,484 ($19.52) and a 52-week high of £1,702.50 ($2,239.54).
Mondi plc manufactures and sells packaging and paper products in the United Kingdom, Africa, Europe, Russia, North America, South America, Asia, and Australia. The company offers flexible packaging, bags, and pouches; personal care components; release liners; technical films; corrugated packaging; industrial bags; barrier coatings; specialty Kraft paper; sack Kraft paper; containerboards; office and professional printing papers; and paper for sustainable and promotional events, as well as product training courses.
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