Trading Report: The Mondi Plc (MNDI) Earns “Outperform” Rating from Credit Suisse Group AG

The Mondi Plc (MNDI) Earns “Outperform” Rating from Credit Suisse Group AG

Mondi Plc (LON:MNDI)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse Group AG in a note issued to investors on Monday. They currently have a GBX 2,025 ($25.30) price objective on the stock. Credit Suisse Group AG’s target price indicates a potential upside of 24.23% from the stock’s previous close.

MNDI has been the subject of several other reports. Goldman Sachs Group Inc. cut Mondi Plc to a “sell” rating and boosted their price objective for the stock from GBX 1,325 ($16.55) to GBX 1,400 ($17.49) in a report on Friday, September 2nd. Citigroup Inc. restated a “neutral” rating and set a GBX 1,650 ($20.61) target price on shares of Mondi Plc in a research report on Tuesday, August 23rd. Jefferies Group restated a “buy” rating and set a GBX 1,800 ($22.49) target price on shares of Mondi Plc in a research report on Monday, September 12th. Deutsche Bank AG restated a “buy” rating and set a GBX 1,700 ($21.24) target price on shares of Mondi Plc in a research report on Friday, August 26th. Finally, Davy Research restated an “outperform” rating on shares of Mondi Plc in a research report on Tuesday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 1,689.44 ($21.11).

Mondi Plc (LON:MNDI) opened at 1627.179 on Monday. The company’s market cap is GBX 7.88 billion. Mondi Plc has a 12 month low of GBX 1,108.00 and a 12 month high of GBX 1,702.00. The company’s 50-day moving average is GBX 1,602.86 and its 200 day moving average is GBX 1,502.83.

In other Mondi Plc news, insider David A. Hathorn sold 65,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of GBX 1,619 ($20.23), for a total transaction of £1,052,350 ($1,314,780.11). Also, insider David A. Hathorn purchased 20 shares of Mondi Plc stock in a transaction on Monday, November 7th. The shares were purchased at an average cost of GBX 1,577 ($19.70) per share, with a total value of £315.40 ($394.05).

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