Mondi Plc (LON:MNDI) had its target price increased by Jefferies Group LLC from GBX 2,250 ($29.30) to GBX 2,300 ($29.95) in a research report released on Tuesday, July 18th. The brokerage currently has a buy rating on the stock.
Several other research firms have also recently commented on MNDI. J P Morgan Chase & Co lifted their price target on Mondi Plc from GBX 2,080 ($27.09) to GBX 2,300 ($29.95) and gave the company an overweight rating in a report on Friday, June 23rd. Barclays PLC restated an equal weight rating and issued a GBX 1,870 ($24.35) price target (up previously from GBX 1,500 ($19.53)) on shares of Mondi Plc in a report on Thursday, March 30th. Goldman Sachs Group, Inc. (The) restated a neutral rating and issued a GBX 2,000 ($26.05) price target on shares of Mondi Plc in a report on Monday, April 24th. Credit Suisse Group restated a neutral rating and issued a GBX 2,135 ($27.80) price target on shares of Mondi Plc in a report on Tuesday, May 30th. Finally, Deutsche Bank AG boosted their target price on Mondi Plc from GBX 2,100 ($27.35) to GBX 2,200 ($28.65) and gave the stock a buy rating in a report on Friday, April 21st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Mondi Plc has an average rating of Buy and an average price target of GBX 2,094.38 ($27.27).
Shares of Mondi Plc (MNDI) traded up 0.35% during midday trading on Tuesday, reaching GBX 1995.00. 1,303,602 shares of the company’s stock were exchanged. Mondi Plc has a 12-month low of GBX 1,495.00 and a 12-month high of GBX 2,121.00. The company’s market cap is GBX 9.66 billion. The stock’s 50 day moving average price is GBX 2,014.83 and its 200 day moving average price is GBX 1,960.95.
COPYRIGHT VIOLATION NOTICE: This story was originally reported by Stock Observer and is the sole property of of Stock Observer. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://www.thestockobserver.com/2017/08/12/mondi-plc-mndi-pt-raised-to-gbx-2300-updated-updated-updated.html.
The company also recently declared a dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, August 24th will be given a dividend of €0.19 ($0.22) per share. This represents a dividend yield of 0.87%. The ex-dividend date is Thursday, August 24th.
In related news, insider Andrew King bought 20,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of GBX 1,993 ($25.95) per share, with a total value of £398,600 ($519,078.00). Over the last three months, insiders have purchased 20,015 shares of company stock worth $39,889,817.
Mondi Plc 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.
Receive News & Ratings for Mondi Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondi Plc and related companies with MarketBeat.com's FREE daily email newsletter.