Mondi plc (MNDI) Receives Average Recommendation of “Hold” from Brokerages

Shares of Mondi plc (LON:MNDI) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 2,196.25 ($28.89).

A number of research analysts have issued reports on the stock. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 2,300 ($30.25) price target on shares of Mondi in a report on Monday, August 14th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Mondi in a report on Friday, August 4th. Citigroup Inc. reissued a “neutral” rating and set a GBX 2,480 ($32.62) target price on shares of Mondi in a report on Thursday, October 12th. Credit Suisse Group reduced their target price on shares of Mondi from GBX 2,265 ($29.79) to GBX 2,220 ($29.20) and set a “neutral” rating for the company in a report on Friday, October 13th. Finally, Jefferies Group LLC reissued a “buy” rating and set a GBX 2,300 ($30.25) target price on shares of Mondi in a report on Monday, October 23rd.

In other news, insider Tanya Fratto purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were bought at an average price of GBX 2,117 ($27.84) per share, for a total transaction of £21,170 ($27,844.27). Also, insider Peter Oswald purchased 1,172 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The shares were purchased at an average price of GBX 1,925 ($25.32) per share, for a total transaction of £22,561 ($29,673.81). In the last 90 days, insiders have purchased 2,194 shares of company stock worth $4,416,873.

Mondi (MNDI) traded down GBX 5.84 ($0.08) during midday trading on Friday, hitting GBX 1,753.16 ($23.06). 857,967 shares of the company’s stock were exchanged, compared to its average volume of 1,860,000. Mondi has a fifty-two week low of GBX 1,529.97 ($20.12) and a fifty-two week high of GBX 2,145 ($28.21).

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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.

Analyst Recommendations for Mondi (LON:MNDI)

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