FTSE 100 (UKX)

8,275.38
   
  • Change Today:
      44.33
  • 52 Week High: 8,445.80
  • 52 Week Low: 7,256.94

Jefferies raises target price on Mondi

By Iain Gilbert

Date: Tuesday 07 May 2024

LONDON (ShareCast) - (Sharecast News) - Jefferies upped its target price on paper and packaging business Mondi from 1,650.0p to 1,700.0p on Tuesday following the group's first-quarter trading update.
Jefferies said Mondi had outperformed this last month, off a depressed level after walking away from SMDS merger and benefiting from higher volume and P&P pricing sentiment.

"One-off FX impact weighed on 1Q24 and 2024 upgrades, but with stable CE wood costs, improving order books and higher pricing to be realised from 2Q24 onwards, we think it's too soon to step away, given EBITDA upside risk if second targeted price hikes into 3Q24 are achieved," said the analysts.





Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Price Data

Price 8,275.38
Change Today 44.33
% Change 0.54 %
31-May-24 Close 8,275.38

Top Risers

Price Change
NG. 882.40p +4.7%
SSE 1,755.00p +2.3%
SVT 2,386.00p +2.1%
GSK 1,766.50p +2.1%
RKT 4,452.00p +1.9%
IHG 7,900.00p +1.9%
CNA 141.55p +1.7%
SMDS 381.00p +1.7%
WTB 2,953.00p +1.5%
BT.A 130.60p +1.4%

Top Fallers

Price Change
JD. 127.50p -4.7%
ABF 2,550.00p -4.1%
OCDO 373.60p -2.6%
BRBY 1,035.00p -1.8%
SPX 8,910.00p -1.5%
CRH 6,118.00p -1.5%
BNZL 2,936.00p -1.5%
AAF 121.90p -1.5%
RMV 533.20p -1.4%
FRES 619.50p -1.4%

Top of Page