Mondi Plc (LON:MNDI) had its price objective lowered by equities researchers at Credit Suisse Group from GBX 2,265 ($29.78) to GBX 2,220 ($29.19) in a research note issued to investors on Friday. The firm currently has a “neutral” rating on the stock. Credit Suisse Group’s price target indicates a potential upside of 14.14% from the stock’s previous close.
Several other research firms also recently weighed in on MNDI. J P Morgan Chase & Co increased their target price on Mondi Plc from GBX 2,080 ($27.35) to GBX 2,300 ($30.24) and gave the stock an “overweight” rating in a research report on Friday, June 23rd. Deutsche Bank AG increased their target price on Mondi Plc from GBX 2,200 ($28.92) to GBX 2,300 ($30.24) and gave the stock a “buy” rating in a research report on Thursday, July 27th. Goldman Sachs Group, Inc. (The) increased their target price on Mondi Plc from GBX 2,100 ($27.61) to GBX 2,200 ($28.92) and gave the stock a “neutral” rating in a research report on Tuesday, September 12th. Jefferies Group LLC increased their target price on Mondi Plc from GBX 2,250 ($29.58) to GBX 2,300 ($30.24) and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a GBX 2,480 ($32.61) target price on shares of Mondi Plc in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 2,207.50 ($29.02).
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In other news, insider Tanya Fratto acquired 1,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were bought at an average cost of GBX 2,117 ($27.83) per share, for a total transaction of £21,170 ($27,833.29). Also, insider Peter Oswald acquired 1,172 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was purchased at an average price of GBX 1,925 ($25.31) per share, for a total transaction of £22,561 ($29,662.11). Over the last 90 days, insiders bought 22,194 shares of company stock worth $44,278,177.
About Mondi Plc
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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