Credit Suisse Group Reaffirms “Outperform” Rating for Mondi (MNDI)

Mondi (LON:MNDI)‘s stock had its “outperform” rating reiterated by equities researchers at Credit Suisse Group in a research report issued to clients and investors on Wednesday, Digital Look reports.

Other research analysts have also issued research reports about the company. Jefferies Financial Group reissued a “buy” rating on shares of Mondi in a report on Tuesday, April 9th. Deutsche Bank cut their price objective on Mondi from GBX 2,600 ($33.97) to GBX 2,200 ($28.75) and set a “buy” rating for the company in a report on Wednesday, February 27th. Goldman Sachs Group boosted their price objective on Mondi from GBX 1,925 ($25.15) to GBX 1,975 ($25.81) and gave the stock a “neutral” rating in a report on Tuesday, February 19th. Finally, UBS Group reissued a “buy” rating on shares of Mondi in a report on Friday, March 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 2,180 ($28.49).

Shares of LON MNDI traded down GBX 44.50 ($0.58) during midday trading on Wednesday, hitting GBX 1,714.50 ($22.40). 1,294,208 shares of the company’s stock were exchanged, compared to its average volume of 1,880,000. Mondi has a 12-month low of GBX 1,557.50 ($20.35) and a 12-month high of GBX 2,250 ($29.40). The company has a current ratio of 1.35, a quick ratio of 0.74 and a debt-to-equity ratio of 59.35. The firm has a market capitalization of $6.26 billion and a price-to-earnings ratio of 10.60.

In other Mondi news, insider Andrew King sold 7,629 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of GBX 1,791 ($23.40), for a total value of £136,635.39 ($178,538.34).

About Mondi

Mondi plc manufactures and sells packaging and paper products in the United Kingdom, Africa, Europe, Russia, North America, South America, Asia, and Australia. The company offers flexible packaging, bags, and pouches; personal care components; release liners; technical films; corrugated packaging; industrial bags; barrier coatings; specialty Kraft paper; sack Kraft paper; containerboards; office and professional printing papers; and paper for sustainable and promotional events, as well as product training courses.

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Analyst Recommendations for Mondi (LON:MNDI)

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