Mondi Plc (LON:MNDI) had its target price cut by Deutsche Bank from GBX 1,750 ($24.93) to GBX 1,650 ($23.51) in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Several other equities research analysts have also weighed in on the company. Credit Suisse dropped their target price on Mondi Plc from GBX 1,895 ($27.00) to GBX 1,745 ($24.86) and set an outperform rating on the stock in a research report on Tuesday, January 19th. Jefferies Group reaffirmed a buy rating and issued a GBX 1,800 ($25.64) target price on shares of Mondi Plc in a research report on Thursday, January 7th. Investec reaffirmed a buy rating and issued a GBX 1,700 ($24.22) target price on shares of Mondi Plc in a research report on Thursday, November 5th. Davy Research reaffirmed an outperform rating on shares of Mondi Plc in a research report on Wednesday, November 4th. Finally, Goodbody Stockbrokers Ltd reaffirmed a hold rating on shares of Mondi Plc in a research report on Tuesday, November 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of GBX 1,580 ($22.51).

Shares of Mondi Plc (LON:MNDI) traded down 3.85% on Monday, reaching GBX 1124.00. 1,617,466 shares of the company traded hands. Mondi Plc has a 52-week low of GBX 1,117.00 and a 52-week high of GBX 1,614.36. The company’s market capitalization is GBX 5.44 billion. The firm has a 50-day moving average of GBX 1,265.50 and a 200-day moving average of GBX 1,427.82.

Mondi Plc is a United Kingdom-based packaging and paper company. The Company and Mondi Limited, under a dual listed company (LON:MNDI) structure, operate together as a single economic entity (the Group). The Group is fully integrated across the packaging and paper value chain and is structured into two divisions. The Europe & International division’s Packaging Paper business manufactures and sells virgin and recycled containerboard and sack and specialty kraft paper. Its Fibre Packaging business consists primarily of paper-based converting operations. Its Consumer Packaging business develops, manufactures and sells consumer packaging solutions, advanced films, components for hygiene products and release liner. Its Uncoated Fine Paper business manufactures and sells papers for use in offices and professional printing. The Group’s South Africa division manages forestry operations, and manufactures and sells a range of pulp, virgin containerboard, uncoated fine paper and newsprint products.

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