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.

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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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