Mondi Plc (MNDI) Receives “Buy” Rating from Jefferies Group LLC

Jefferies Group LLC reiterated their buy rating on shares of Mondi Plc (LON:MNDI) in a research report released on Thursday. They currently have a GBX 2,250 ($29.04) price target on the stock.

MNDI has been the subject of a number of other research reports. Goldman Sachs Group Inc reissued a neutral rating and set a GBX 2,000 ($25.82) price objective on shares of Mondi Plc in a research note on Monday, April 24th. Deutsche Bank AG increased their price objective on Mondi Plc from GBX 1,900 ($24.53) to GBX 2,100 ($27.11) and gave the company a buy rating in a research note on Thursday, February 23rd. JPMorgan Chase & Co. raised Mondi Plc to an overweight rating and increased their price objective for the company from GBX 1,600 ($20.65) to GBX 2,070 ($26.72) in a research note on Friday, February 17th. Credit Suisse Group AG lowered Mondi Plc to a neutral rating and increased their price objective for the company from GBX 2,025 ($26.14) to GBX 2,100 ($27.11) in a research note on Monday, March 6th. Finally, Barclays PLC reissued an equal weight rating and set a GBX 1,870 ($24.14) price objective (up previously from GBX 1,500 ($19.36)) on shares of Mondi Plc in a research note on Thursday, March 30th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of GBX 2,021.43 ($26.09).

Analyst Recommendations for Mondi Plc (LON:MNDI)

Mondi Plc (LON:MNDI) traded up 0.10% during mid-day trading on Thursday, hitting GBX 1980.00. 1,813,471 shares of the stock traded hands. The company has a 50-day moving average of GBX 1,988.83 and a 200 day moving average of GBX 1,790.44. The firm’s market capitalization is GBX 9.59 billion. Mondi Plc has a 1-year low of GBX 1,240.00 and a 1-year high of GBX 2,053.00.

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The company also recently disclosed a dividend, which was paid on Thursday, May 18th. Shareholders of record on Thursday, April 20th were given a dividend of €0.38 ($0.42) per share. This represents a yield of 1.67%. The ex-dividend date was Thursday, April 20th.

About Mondi Plc

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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