Credit Suisse Group Reiterates “Neutral” Rating for Mondi (MNDI)

Mondi (LON:MNDI)‘s stock had its “neutral” rating restated by stock analysts at Credit Suisse Group in a report issued on Wednesday, November 29th. They currently have a GBX 2,220 ($29.88) target price on the stock. Credit Suisse Group’s price target would indicate a potential upside of 31.19% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank restated a “hold” rating and set a GBX 2,150 ($28.94) target price on shares of Mondi in a research note on Wednesday, October 18th. Jefferies Group restated a “buy” rating and set a GBX 2,300 ($30.96) target price on shares of Mondi in a research note on Monday, November 27th. Goldman Sachs Group raised their target price on shares of Mondi from GBX 2,100 ($28.26) to GBX 2,200 ($29.61) and gave the stock a “neutral” rating in a research note on Tuesday, September 12th. J P Morgan Chase & Co decreased their target price on shares of Mondi from GBX 2,240 ($30.15) to GBX 2,150 ($28.94) and set an “overweight” rating on the stock in a research note on Monday, October 30th. Finally, Citigroup reiterated a “neutral” rating and set a GBX 2,480 ($33.38) price objective on shares of Mondi in a research report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 2,196.25 ($29.56).

Shares of Mondi (MNDI) traded down GBX 3.82 ($0.05) during midday trading on Wednesday, hitting GBX 1,692.18 ($22.77). 2,399,240 shares of the stock were exchanged, compared to its average volume of 1,740,000. Mondi has a 12-month low of GBX 1,529.97 ($20.59) and a 12-month high of GBX 2,145 ($28.87).

In other news, insider Peter Oswald acquired 1,172 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was bought at an average cost of GBX 1,925 ($25.91) per share, with a total value of £22,561 ($30,364.74). Insiders have acquired 1,196 shares of company stock valued at $2,301,001 over the last ninety days.

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About Mondi

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.

Analyst Recommendations for Mondi (LON:MNDI)

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