Deutsche Bank restated their buy rating on shares of Mondi (LON:MNDI) in a research note released on Friday morning. The firm currently has a GBX 2,200 ($30.89) price objective on the stock, up from their prior price objective of GBX 2,150 ($30.19).
Other equities analysts have also recently issued reports about the company. Jefferies Group reiterated a buy rating and set a GBX 2,300 ($32.30) price target on shares of Mondi in a report on Monday, November 27th. Citigroup reissued a buy rating on shares of Mondi in a research note on Monday, January 15th. Goldman Sachs Group raised Mondi to a buy rating and set a GBX 2,200 ($30.89) target price on the stock in a research note on Wednesday, December 20th. Credit Suisse Group reissued a neutral rating and set a GBX 2,220 ($31.18) target price on shares of Mondi in a research note on Wednesday, November 29th. Finally, JPMorgan Chase & Co. decreased their target price on Mondi from GBX 2,240 ($31.46) to GBX 2,150 ($30.19) and set an overweight rating on the stock in a research note on Monday, October 30th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of GBX 2,202.50 ($30.93).
Mondi (MNDI) opened at GBX 1,896 ($26.63) on Friday. The firm has a market capitalization of $9,260.00 and a price-to-earnings ratio of 1,677.88. Mondi has a twelve month low of GBX 1,684 ($23.65) and a twelve month high of GBX 2,145 ($30.12).
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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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