Mondi Stock News

Mondi PLC (LSE:MNDI), the integrated European packaging and paper group, faces rising cost pressures that could limit expectations for a stronger earnings recovery in 2027, Jefferies said. Jefferies expects Mondi to report third-quarter earnings before interest, tax, depreciation and amortisation of €205 million, up from €167 million in the second quarter.

Panmure Liberum has begun coverage of Mondi PLC (LSE:MNDI), the packaging and paper group, with a 'buy' recommendation and a target price of 1,103p. Mondi's market capitalisation stood at £3.873 billion at the time of the note's publication.

Mondi PLC (LSE:MNDI) shares jumped 12.1% to 884.8p as investors looked beyond a sharp fall in first-half earnings and a dividend cut to improving trading momentum and further action on costs. The packaging and paper group said revenue increased to €4 billion from €3.9 billion, helped by higher sales volumes and price increases.

UBS has downgraded paper and packaging group Mondi PLC (LSE:MNDI) to 'neutral' from ' buy ', citing persistent cost pressure and the prospect of a weak second quarter, and cut its price target by 23%. The bank lowered its target to 750p from 970p, against a current share price of 703p.