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Home / Stocks and Markets at Lows / Mondi (MNDI.L) 23-10-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Mondi (MNDI.L) 23-10-19

Shares in Mondi (MNDI.L) have dropped from recent highs of 1846p. Are further falls imminent, or will investors benefit from this low price?

 

  • A return to previous highs would represent a rise of 19%. Now trading at 1543.5p (at time of writing).
  • This stock is one of the most significant fallers in the period.
  • Is the fall justified? Is a bounce due?
  • The market has been known to over-react to negative news. Traders may wish to consider whether the fall is reasonable, or is the recent fall an over-reaction?
  • Contrarian traders should be mindful of fundamentals and events, which can influence price. Check our website for updates.
  • Shares -18% from 12-month highs; +2% from 12 month lows.

Latest News

15 Oct:  Deutsche Bank reiterates its buy rating on Mondi (MNDI) and reduced the target price to 1950p (from 2000p).

14 Oct:  Credit Suisse reiterates its outperform rating on Mondi (MNDI) and reduced the target price to 1910p (from 2000p).

11 Oct:  UBS reiterates its buy rating on Mondi (MNDI) and reduced the target price to 1850p (from 2000p).

10 Oct:  Mondi, the paper and packaging company,  reported an 18% fall in earnings for Q3 2019 to €383m. They said that demand remained generally softer.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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