MONDI PLC/ADR (MONDY) Upgraded by Zacks Investment Research to Buy

MONDI PLC/ADR (OTCMKTS:MONDY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The firm currently has a $56.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 21.40% from the company’s current price.

According to Zacks, “Mondi plc manufactures and sells packaging and paper products. Its products include containerboards, sack kraft papers, speciality kraft papers, corrugated packaging products, industrial bags, extrusion coatings, films and hygiene components, release liners, office and printing papers and graphic printing papers as well as pre-made bags and pouches, printed laminates and high-barrier films. The company operates primarily in central Europe, Russia, North America and South Africa. Mondi plc is based in Addlestone, the United Kingdom. “

Separately, ValuEngine lowered MONDI PLC/ADR from a “hold” rating to a “sell” rating in a report on Thursday.

Shares of OTCMKTS MONDY opened at $46.13 on Friday. The company has a market capitalization of $10.75 billion, a P/E ratio of 13.65 and a beta of 0.70. MONDI PLC/ADR has a 52-week low of $44.31 and a 52-week high of $60.62.

MONDI PLC/ADR Company Profile

Mondi plc manufactures and sells packaging and paper products primarily in central Europe, Russia, North America, and South Africa. Its products include virgin and recycled containerboards, sack and specialty kraft papers, pulp, corrugated packaging products, industrial bags, extrusion coatings, films and hygiene components, release liners, consumer goods packaging products, office and professional printing papers, and barrier coatings, as well as pre-made bags and pouches, printed laminates, and high-barrier films for the consumer industry.

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