Shares of Mondi plc (OTCMKTS:MONDY) have been given an average rating of “Buy” by the seven research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $54.00.
MONDY has been the subject of a number of analyst reports. Bank of America upgraded Mondi from a “neutral” rating to a “buy” rating in a research note on Monday, February 8th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Mondi in a research note on Monday, January 25th. UBS Group reaffirmed a “buy” rating on shares of Mondi in a report on Tuesday, January 12th. Morgan Stanley reissued an “overweight” rating on shares of Mondi in a report on Monday, January 25th. Finally, Zacks Investment Research upgraded Mondi from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Friday, January 29th.
Shares of OTCMKTS:MONDY opened at $50.60 on Tuesday. The business’s 50 day simple moving average is $50.08 and its 200 day simple moving average is $44.41. The company has a market capitalization of $12.28 billion, a P/E ratio of 13.11 and a beta of 1.05. Mondi has a 1 year low of $26.46 and a 1 year high of $52.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.53 and a quick ratio of 1.01.
Mondi plc manufactures and sells packaging and paper products in Africa, Western Europe, Emerging Europe, Russia, North America, South America, Asia, and Australia. It operates in Corrugated Packaging, Flexible Packaging, Engineered Materials, and Uncoated Fine Paper segments. The company offers flexible packaging, bags, and pouches; personal care components; release liners; technical films; corrugated packaging products; industrial bags; barrier coatings; specialty Kraft and sack Kraft papers; containerboards; and office and professional printing papers.
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