Mondi (LON:MNDI) had its target price boosted by JPMorgan Chase & Co. from GBX 2,200 ($30.40) to GBX 2,310 ($31.91) in a research report issued on Tuesday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 18.22% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. Credit Suisse Group reiterated a “neutral” rating and set a GBX 2,220 ($30.67) target price on shares of Mondi in a report on Wednesday, November 29th. Goldman Sachs Group reiterated a “buy” rating and set a GBX 2,200 ($30.40) target price on shares of Mondi in a report on Monday, March 5th. Deutsche Bank raised their price target on shares of Mondi from GBX 2,200 ($30.40) to GBX 2,300 ($31.78) and gave the company a “buy” rating in a report on Monday, March 5th. Citigroup restated a “buy” rating and issued a GBX 2,450 ($33.85) price target on shares of Mondi in a report on Monday, March 5th. Finally, Jefferies Group restated a “buy” rating and issued a GBX 2,300 ($31.78) price target on shares of Mondi in a report on Tuesday, March 6th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 2,253.57 ($31.14).
Mondi (MNDI) opened at GBX 1,954 ($27.00) on Tuesday. Mondi has a 1-year low of GBX 1,684 ($23.27) and a 1-year high of GBX 2,145 ($29.64). The stock has a market cap of $9,500.00 and a PE ratio of 1,588.62.
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Mondi 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.
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