Morgan Stanley Raises Mondi (OTCMKTS:MONDY) Price Target to GBX 1,700

Mondi (OTCMKTS:MONDYGet Rating) had its price objective raised by Morgan Stanley from GBX 1,500 ($18.49) to GBX 1,700 ($20.96) in a research note released on Thursday morning, The Fly reports.

A number of other research firms also recently commented on MONDY. Zacks Investment Research raised shares of Mondi from a hold rating to a buy rating and set a $44.00 price objective on the stock in a report on Thursday. JPMorgan Chase & Co. lifted their price target on Mondi from GBX 2,000 ($24.66) to GBX 2,072 ($25.55) in a report on Friday, May 6th. BNP Paribas upgraded Mondi to an outperform rating in a research note on Friday, May 6th. Finally, Exane BNP Paribas raised Mondi from a neutral rating to an outperform rating in a report on Friday, May 6th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Buy and an average price target of $1,272.00.

OTCMKTS MONDY traded up $0.28 during midday trading on Thursday, hitting $38.33. 9,516 shares of the company traded hands, compared to its average volume of 23,676. Mondi has a 52 week low of $34.15 and a 52 week high of $59.24. The company’s 50-day simple moving average is $38.63 and its 200-day simple moving average is $45.63. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.43.

The company also recently declared a dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Friday, April 8th will be paid a dividend of $0.9429 per share. The ex-dividend date of this dividend is Thursday, April 7th. This represents a yield of 3.34%.

Mondi Company Profile (Get Rating)

Mondi plc engages in the manufacture and sale of packaging and paper products in Africa, Western Europe, Emerging Europe, Russia, North America, South America, Asia, and Australia. It operates in Corrugated Packaging, Flexible Packaging, Engineered Materials, and Uncoated Fine Paper segments. The company offers flexible packaging, bags, and pouches; personal care components; release liners; technical films; corrugated packaging solutions; industrial bags; barrier coatings; specialty Kraft and sack Kraft papers; containerboards; and office and professional printing papers.

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