The stock of Mondi Plc (LON:MNDI) is a huge mover today! The stock decreased 0.63% or GBX 10.24 on November 9, hitting GBX 1602.76. About 1.80M shares traded hands or 39.53% up from the average. Mondi Plc (LON:MNDI) has risen 24.27% since April 11, 2016 and is uptrending. It has outperformed by 19.49% the S&P500.
The move comes after 7 months positive chart setup for the GBX 7.77B company. It was reported on Nov, 9 by Barchart.com. We have GBX 2660.58 PT which if reached, will make LON:MNDI worth GBX 5.13 billion more.
Mondi Plc (LON:MNDI) Ratings Coverage
Out of 11 analysts covering Mondi PLC (LON:MNDI), 7 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 64% are positive. Mondi PLC has been the topic of 102 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Friday, August 5, the company rating was maintained by Credit Suisse. Deutsche Bank maintained the shares of MNDI in a report on Wednesday, March 2 with “Buy” rating. UBS maintained it with “Buy” rating and GBX 1750 target price in Thursday, October 8 report. Goldman Sachs downgraded the stock to “Sell” rating in Friday, September 2 report. As per Thursday, August 4, the company rating was maintained by Davy Research. Credit Suisse maintained it with “Outperform” rating and GBX 1880 target price in Tuesday, August 30 report. Credit Suisse maintained Mondi Plc (LON:MNDI) rating on Friday, May 27. Credit Suisse has “Outperform” rating and GBX 1845 price target. Goodbody maintained Mondi Plc (LON:MNDI) on Friday, February 19 with “Hold” rating. The firm has “Overweight” rating given on Monday, July 18 by JP Morgan. The stock has “Buy” rating given by Jefferies on Monday, September 12.
Another recent and important Mondi Plc (LON:MNDI) news was published by Marketwatch.com which published an article titled: “Mondi shares fall 3% after financial update” on April 21, 2011.
Mondi plc is a United Kingdom-based packaging and paper company. The company has a market cap of 7.77 billion GBP. The Firm is engaged in managing forests and producing pulp, paper and compound plastics for industrial and consumer packaging. It has a 13 P/E ratio. The Firm and Mondi Limited, under a dual listed firm structure, operate together as a single economic entity.
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