Mondi Plc (MNDI) Downgraded by Deutsche Bank AG to Hold

Deutsche Bank AG lowered shares of Mondi Plc (LON:MNDI) to a hold rating in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. They currently have GBX 2,150 ($28.27) price objective on the stock, down from their prior price objective of GBX 2,300 ($30.24).

A number of other research analysts have also recently weighed in on MNDI. J P Morgan Chase & Co dropped their price objective on shares of Mondi Plc from GBX 2,300 ($30.24) to GBX 2,240 ($29.45) and set an overweight rating for the company in a research note on Friday, September 29th. Goldman Sachs Group, Inc. (The) raised their price objective on shares of Mondi Plc from GBX 2,100 ($27.61) to GBX 2,200 ($28.92) and gave the stock a neutral rating in a research note on Tuesday, September 12th. Finally, Jefferies Group LLC raised their price objective on shares of Mondi Plc from GBX 2,250 ($29.58) to GBX 2,300 ($30.24) and gave the stock a buy rating in a research note on Tuesday, July 18th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 2,207.50 ($29.02).

Mondi Plc (MNDI) opened at 1917.00 on Thursday. Mondi Plc has a one year low of GBX 1,495.00 and a one year high of GBX 2,145.00. The firm’s market capitalization is GBX 9.28 billion. The stock’s 50 day moving average price is GBX 2,047.80 and its 200 day moving average price is GBX 2,023.75.

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The company also recently announced a dividend, which was paid on Tuesday, September 19th. Investors of record on Thursday, August 24th were given a dividend of €0.19 ($0.22) per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a yield of 0.87%.

In other news, insider Peter Oswald bought 1,172 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were purchased at an average price of GBX 1,925 ($25.31) per share, for a total transaction of £22,561 ($29,662.11). Also, insider Andrew King bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of GBX 1,993 ($26.20) per share, for a total transaction of £398,600 (

A number of other research analysts have also recently weighed in on MNDI. J P Morgan Chase & Co dropped their price objective on shares of Mondi Plc from GBX 2,300 ($30.24) to GBX 2,240 ($29.45) and set an overweight rating for the company in a research note on Friday, September 29th. Goldman Sachs Group, Inc. (The) raised their price objective on shares of Mondi Plc from GBX 2,100 ($27.61) to GBX 2,200 ($28.92) and gave the stock a neutral rating in a research note on Tuesday, September 12th. Finally, Jefferies Group LLC raised their price objective on shares of Mondi Plc from GBX 2,250 ($29.58) to GBX 2,300 ($30.24) and gave the stock a buy rating in a research note on Tuesday, July 18th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 2,207.50 ($29.02).

Mondi Plc (MNDI) opened at 1917.00 on Thursday. Mondi Plc has a one year low of GBX 1,495.00 and a one year high of GBX 2,145.00. The firm’s market capitalization is GBX 9.28 billion. The stock’s 50 day moving average price is GBX 2,047.80 and its 200 day moving average price is GBX 2,023.75.

ILLEGAL ACTIVITY NOTICE: This piece of content was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of international trademark & copyright legislation. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/16/mondi-plc-mndi-downgraded-by-deutsche-bank-ag-to-hold.html.

The company also recently announced a dividend, which was paid on Tuesday, September 19th. Investors of record on Thursday, August 24th were given a dividend of €0.19 ($0.22) per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a yield of 0.87%.

In other news, insider Peter Oswald bought 1,172 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were purchased at an average price of GBX 1,925 ($25.31) per share, for a total transaction of £22,561 ($29,662.11). Also, insider Andrew King bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of GBX 1,993 ($26.20) per share, for a total transaction of £398,600 ($524,059.95). In the last 90 days, insiders have purchased 22,194 shares of company stock worth $44,278,177.

Mondi Plc Company Profile

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 Plc (LON:MNDI)

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