Mondi (MNDI) Given “Buy” Rating at Jefferies Group

Mondi (LON:MNDI)‘s stock had its “buy” rating reissued by analysts at Jefferies Group in a report released on Monday.

A number of other equities research analysts also recently issued reports on MNDI. J P Morgan Chase & Co lowered their price target on shares of Mondi from GBX 2,300 ($30.96) to GBX 2,240 ($30.15) and set an “overweight” rating on the stock in a report on Friday, September 29th. Credit Suisse Group lowered their price target on shares of Mondi from GBX 2,265 ($30.48) to GBX 2,220 ($29.88) and set a “neutral” rating on the stock in a report on Friday, October 13th. Goldman Sachs Group increased their price target 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 report on Tuesday, September 12th. Deutsche Bank downgraded shares of Mondi to a “hold” rating and lowered their price target for the stock from GBX 2,300 ($30.96) to GBX 2,150 ($28.94) in a report on Thursday, October 12th. Finally, Citigroup reissued a “neutral” rating and issued a GBX 2,480 ($33.38) price target on shares of Mondi in a report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 2,196.25 ($29.56).

Shares of Mondi (MNDI) opened at GBX 1,859 ($25.02) on Monday. Mondi has a fifty-two week low of GBX 1,558 ($20.97) and a fifty-two week high of GBX 2,145 ($28.87).

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

TRADEMARK VIOLATION NOTICE: “Mondi (MNDI) Given “Buy” Rating at Jefferies Group” was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The original version of this piece of content can be accessed at https://sportsperspectives.com/2017/12/18/mondi-mndi-given-buy-rating-at-jefferies-group.html.

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)

Receive News & Ratings for Mondi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondi and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply