Today: Mondi Plc (MNDI) Receives Outperform Rating from Credit Suisse Group AG

Today: Mondi Plc (MNDI) Receives Outperform Rating from Credit Suisse Group AG

Mondi Plc (LON:MNDI)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Credit Suisse Group AG in a report issued on Monday. They presently have a GBX 2,025 ($25.12) price objective on the stock. Credit Suisse Group AG’s target price points to a potential upside of 23.55% from the stock’s current price.

Several other brokerages also recently issued reports on MNDI. Deutsche Bank AG upped their price objective on Mondi Plc from GBX 1,700 ($21.09) to GBX 1,900 ($23.57) and gave the company a “buy” rating in a research report on Monday, October 17th. Jefferies Group reiterated a “buy” rating and issued a GBX 1,800 ($22.33) target price on shares of Mondi Plc in a research note on Monday, September 12th. JPMorgan Chase & Co. lowered Mondi Plc to a “neutral” rating and upped their target price for the company from GBX 1,640 ($20.34) to GBX 1,740 ($21.59) in a research note on Friday, October 14th. Davy Research reiterated an “outperform” rating on shares of Mondi Plc in a research note on Thursday, August 4th. Finally, Goldman Sachs Group Inc. lowered Mondi Plc to a “sell” rating and upped their target price for the company from GBX 1,325 ($16.44) to GBX 1,400 ($17.37) in a research note on Friday, September 2nd. One equities 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 a consensus price target of GBX 1,689.44 ($20.96).

Shares of Mondi Plc (LON:MNDI) traded up 0.12% during trading on Monday, hitting GBX 1632.00. The stock had a trading volume of 1,383,338 shares. The firm’s market cap is GBX 7.90 billion. Mondi Plc has a 12-month low of GBX 1,108.00 and a 12-month high of GBX 1,702.00. The stock has a 50-day moving average of GBX 1,599.58 and a 200 day moving average of GBX 1,506.94.

In other news, insider David A. Hathorn sold 65,000 shares of the stock in a transaction dated Tuesday, October 18th. The stock was sold at an average price of GBX 1,619 ($20.08), for a total value of £1,052,350 ($1,305,483.19). Also, insider David A. Hathorn bought 20 shares of the stock in a transaction dated Monday, November 7th. The stock was bought at an average price of GBX 1,577 ($19.56) per share, with a total value of £315.40 ($391.27).

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