JP Morgan Cazenove downgraded Mondi PLC (LON:MNDI) to Neutral in a report released today.
- Updated: October 14, 2016
JP Morgan Cazenove has downgraded Mondi PLC (LON:MNDI) to Neutral in a statement released on 10/14/2016.
On 09/27/2016, Jefferies International released a statement for Mondi PLC (LON:MNDI) bumped up the target price from 1,800.00GBX to 1,900.00GBX that suggested an upside of 0.14%.
Boasting a price of 1,660.00GBX, Mondi PLC (LON:MNDI) traded 0.06% higher on the day. The last closing price is up 10.62% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. MNDI has recorded a 50-day average of 1,611.51GBX and a two hundred day average of 1,445.45GBX. Trade Volume was up over the average, with 1,341,254 shares of MNDI changing hands over the typical 1,316,770
Recent Performance Chart
Mondi PLC has 52 week low of 1,108.00GBX and a 52 week high of 1,702.00GBX with a PE ratio of 10.37 and has a market capitalization of 0 GBX.
In addition to JP Morgan Cazenove reporting its stock price target, a total of 12 brokerages have issued a ratings update on the company. The average stock price target is 20.03GBX with 2 brokerages rating the stock a strong buy, 5 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Mondi PLC (LON:MNDI)
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. The Company operates in Europe & International Division and South Africa Division. The Company's Europe & International Division consists of segments, including Packaging Paper, which offers containerboard, sack kraft paper, specialty kraft paper and pulp; Fibre Packaging, which includes industrial bags, corrugated packaging and extrusion coatings; Consumer Packaging, which includes advanced films and components, consumer goods packaging and release liners, and Uncoated Fine Paper, which includes uncoated fine paper, pulp and newsprint. Its South Africa division manages plantation forests, and manufactures and sells pulp, white-top kraftliner and uncoated fine paper.
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