Citigroup Increases Mondi (LON:MNDI) Price Target to GBX 1,040

Mondi (LON:MNDI) had its price target increased by equities research analysts at Citigroup from GBX 820 to GBX 1,040 in a research report issued on Monday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 12.72% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating for the company in a research report on Friday, July 31st. Jefferies Financial Group cut their price target on Mondi from GBX 1,100 to GBX 1,085 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Mondi from GBX 760 to GBX 825 and gave the company a “hold” rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 937.50.

Mondi Stock Up 0.1%

MNDI stock opened at GBX 922.60 on Monday. The company has a market capitalization of £4.07 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 0.76 and a beta of 0.58. Mondi has a 12 month low of GBX 660 and a 12 month high of GBX 1,084.99. The firm’s fifty day simple moving average is GBX 748.59 and its 200-day simple moving average is GBX 806.14. The company has a debt-to-equity ratio of 62.05, a current ratio of 1.55 and a quick ratio of 1.14.

Insider Buying and Selling

In other news, insider Mike Powell bought 42 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average cost of GBX 710 per share, with a total value of £298.20. Also, insider Andrew King bought 42 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were purchased at an average cost of GBX 710 per share, with a total value of £298.20. Insiders have bought a total of 124 shares of company stock worth $89,760 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Mondi Company Profile

Mondi plc, together with its subsidiaries, engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, Australia, and internationally. The company operates in three segments: Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper. The Corrugated Packaging segment provides virgin and recycled containerboards for fresh fruit packaging and heavy and fragile goods transport packaging applications; and corrugated solutions, such as corrugated boxes and packaging products.