Mondi Plc 8.1% Potential Upside Indicated by JP Morgan Cazenove

Broker Ratings
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Mondi Plc with EPIC/TICKER (LON:MNDI) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Mondi Plc are listed in the Basic Materials sector within UK Main Market. JP Morgan Cazenove have set a target price of 1730 GBX on its stock. This is indicating the analyst believes there is a potential upside of 8.1% from the opening price of 1600 GBX. Over the last 30 and 90 trading days the company share price has decreased 165 points and increased 59.5 points respectively. The 52 week high for the stock is 1936.5 GBX while the 52 week low is 1484 GBX.

Mondi Plc has a 50 day moving average of 1,700.35 GBX and a 200 day moving average of 2,568.12. There are currently 485,553,780 shares in issue with the average daily volume traded being 1,680,878. Market capitalisation for LON:MNDI is £7,772,475,200 GBP.

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    Mondi plc provides an update on trading for Q1 2024, showcasing improved market conditions and performance across its paper grades and packaging operations.

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