Deutsche Bank AG Reaffirms “Buy” Rating for Mondi Plc (MNDI)

Deutsche Bank AG reaffirmed their buy rating on shares of Mondi Plc (LON:MNDI) in a report issued on Friday morning.

Several other research analysts have also issued reports on the stock. J P Morgan Chase & Co reaffirmed an overweight rating on shares of Mondi Plc in a research note on Friday, August 4th. Jefferies Group LLC raised their target price on shares of Mondi Plc from GBX 2,250 ($29.06) to GBX 2,300 ($29.70) and gave the company a buy rating in a research note on Tuesday, July 18th. Finally, Credit Suisse Group reaffirmed a neutral rating and issued a GBX 2,135 ($27.57) target price on shares of Mondi Plc in a research note on Tuesday, May 30th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of GBX 2,157.86 ($27.87).

Shares of Mondi Plc (LON:MNDI) opened at 2031.00 on Friday. The company’s 50-day moving average is GBX 2,041.59 and its 200 day moving average is GBX 1,998.85. The firm’s market capitalization is GBX 9.84 billion. Mondi Plc has a 1-year low of GBX 1,495.00 and a 1-year high of GBX 2,134.00.

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The company also recently disclosed a dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, August 24th will be paid a dividend of €0.19 ($0.23) per share. This represents a yield of 0.87%. The ex-dividend date of this dividend is Thursday, August 24th.

In other news, insider Andrew King acquired 20,000 shares of Mondi Plc stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average price of GBX 1,993 ($25.74) per share, with a total value of £398,600 ($514,787.55). Also, insider Tanya Fratto acquired 1,000 shares of Mondi Plc stock in a transaction that occurred on Friday, September 1st. The shares were purchased at an average cost of GBX 2,117 ($27.34) per share, for a total transaction of £21,170 ($27,340.82). Insiders have purchased a total of 21,015 shares of company stock worth $42,006,817 in the last three months.

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.

Analyst Recommendations for Mondi Plc (LON:MNDI)

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