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

Mondi (LON:MNDI)‘s stock had its “outperform” rating reissued by research analysts at Credit Suisse Group in a research note issued on Wednesday, Digital Look reports.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mondi in a report on Tuesday, April 9th. Deutsche Bank cut their price objective on shares of Mondi from GBX 2,600 ($33.97) to GBX 2,200 ($28.75) and set a “buy” rating on the stock in a report on Wednesday, February 27th. Goldman Sachs Group lifted their price objective on shares of 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 reaffirmed a “buy” rating on shares of Mondi in a report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 2,180 ($28.49).

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

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

Mondi Company Profile

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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