Mondi (MONDY) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Mondi (OTCMKTS:MONDY) from a hold rating to a buy rating in a research note published on Saturday. Zacks Investment Research currently has $60.00 target price on the stock.

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. “

Shares of Mondi (OTCMKTS MONDY) opened at $55.43 on Friday. Mondi has a 52-week low of $41.87 and a 52-week high of $58.62. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.39 and a quick ratio of 0.83.

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Mondi 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, white-top kraftliners, 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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