Mondi: Credit Suisse upgrades to 'buy'
(CercleFinance.com) - Credit Suisse has upgraded its “neutral” rating on the Mondi share of the paper and packaging group - originally from South Africa - to “buy”.
Alongside this upgrade, the broker has raised its target price from 2,220 pence to 2,345 pence, which suggests upside potential of over 15% for this stock which is listed on the London Stock Exchange.
Analysts note that the Mondi share has been fairly flat over the past 12 months, while in their opinion, the group's earnings outlook and multiples have improved.
In particular, Credit Suisse distinguishes Mondi for its ROCE, which reached 19.7% in 2017, after 20.3% in 2016.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Alongside this upgrade, the broker has raised its target price from 2,220 pence to 2,345 pence, which suggests upside potential of over 15% for this stock which is listed on the London Stock Exchange.
Analysts note that the Mondi share has been fairly flat over the past 12 months, while in their opinion, the group's earnings outlook and multiples have improved.
In particular, Credit Suisse distinguishes Mondi for its ROCE, which reached 19.7% in 2017, after 20.3% in 2016.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.