Mondi PLC (LON:MNDI) Rating Downgrade
In analysts note revealed to investors on Friday, 14 October, JP Morgan Cazenove downgraded shares of Mondi PLC (LON:MNDI) to “Neutral” rating.
The stock rating downgrade was noticed by equity traders, as LON:MNDI is currently trading -0.13% lower at GBX 1596.00 as of 01:29 London time. Mondi PLC’s stock is up 23.49% in the last 200 days. It has outperformed the S&P500, which has gained 2.61% in the same time.
Out of 12 brokers covering Mondi PLC, 7 rate it a Buy, 4 indicate a Hold while 2 suggest a Sell. The highest target is GBX 2419 and the lowest is GBX 1416 according to Thomson/First Call. The 12-month mean target is GBX 2003, which means upside potential of 46.10% over the current price.
LON:MNDI Price Chart & Trend
The stock price of Mondi PLC gained 23.49% over the last 200 days, and is in powerful up trend. In the last 50 and 100 days, Mondi PLC is up 5.45% and up 18.81%, respectively. Our stocks momentum model is shown on the price chart below.
Mondi PLC (LON:MNDI) 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.
Mondi PLC (LON:MNDI) traded down -0.13% on 14 October, hitting GBX 1596. A total of 32,503 shares of the company’s stock traded hands. This is down from average of 1.38M shares. Mondi PLC has a 52 week low of GBX 1108.00 and a 52 week high of GBX 1702. The company has a market cap of 7.65B GBX and a P/E ratio of 12.79.
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