UBS Group Reaffirms “Buy” Rating for Mondi (MNDI)

UBS Group Reaffirms “Buy” Rating for Mondi (MNDI)

Mondi (LON:MNDI)‘s stock had its “buy” rating reiterated by equities research analysts at UBS Group in a report released on Friday, ThisIsMoney.Co.Uk reports.

Several other research analysts have also recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating on shares of Mondi in a research report on Tuesday, April 9th. Goldman Sachs Group boosted 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 research report on Tuesday, February 19th. Deutsche Bank restated a “buy” rating and issued a GBX 2,200 ($28.75) price objective on shares of Mondi in a research report on Wednesday, March 6th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Mondi in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 2,155 ($28.16).

MNDI stock opened at GBX 1,654 ($21.61) on Friday. The company has a debt-to-equity ratio of 59.35, a current ratio of 1.35 and a quick ratio of 0.74. Mondi has a fifty-two week low of GBX 1,557.50 ($20.35) and a fifty-two week high of GBX 2,250 ($29.40). The company has a market capitalization of $6.05 billion and a P/E ratio of 10.22.

In other Mondi news, insider Andrew King sold 7,629 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were 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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