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Home / Support and Resistance / Mondi (MNDI.L) 10-03-20

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

Mondi (MNDI.L) 10-03-20

Will Mondi (MNDI.L) break below the 1553p support, or bounce to highs at 1846p (+17%)?

 

  • Currently trading around the 1553p support at 1565.5p (at time of writing).
  • Will the shares rally to recent highs of 1846p? (+17%).
  • Shares -15% from 12-month highs; +3% from 12 month lows.

Latest News

06 Mar:  Andrew King, Chief Executive Officer, has transferred in 33,220 shares within the firm on the 5th March 2020. This Director currently has 133,278 shares.

06 Mar:  Andrew King, Chief Executive Officer, sold 16,025 shares within the firm on the 5th March 2020 at a price of 1640.58p. This Director currently has 117,253 shares.

06 Mar:  JP Morgan Cazenove has downgraded its rating on Mondi (MNDI) to neutral (from overweight) and increased the target price to 1760p (from 1730p).

05 Mar:  Credit Suisse reiterates its outperform rating on Mondi (MNDI) and increased the target price to 2050p (from 2025p).

28 Feb:  Exane BNP Paribas has upgraded its rating on Mondi (MNDI) to outperform (from neutral) and increased the target price to 1900p (from 1800p).

27 Feb: Mondi, the global packaging supplier, announced that challenging trading conditions led to in a 3% decline in revenues.

18 Feb:  Mondi announced that it had appointed Andrew King as its new CEO.  King will replace Peter Oswald.

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

 

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