Mondi (MONDY) Upgraded by Zacks Investment Research to “Buy”

Mondi (OTCMKTS:MONDY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The brokerage presently has a $60.00 price objective on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 11.92% from the company’s previous close.

According to Zacks, “Mondi plc manufactures and sells packaging and paper products. Its products include containerboards, sack kraft papers, speciality kraft papers, corrugated packaging products, industrial bags, extrusion coatings, films and hygiene components, release liners, office and printing papers and graphic printing papers as well as pre-made bags and pouches, printed laminates and high-barrier films. The company operates primarily in central Europe, Russia, North America and South Africa. Mondi plc is based in Addlestone, the United Kingdom. “

Mondi (MONDY) opened at $53.61 on Friday. Mondi has a fifty-two week low of $41.87 and a fifty-two week high of $58.62. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.39 and a quick ratio of 0.83.

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About Mondi

Mondi plc manufactures and sells packaging and paper products primarily in central Europe, Russia, North America, and South Africa. Its products include virgin and recycled containerboards, sack and specialty kraft papers, pulp, corrugated packaging products, industrial bags, extrusion coatings, films and hygiene components, release liners, consumer goods packaging products, office and professional printing papers, white-top kraftliners, and barrier coatings, as well as pre-made bags and pouches, printed laminates, and high-barrier films for the consumer industry.

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