Mondi (LON:MNDI) Given Buy Rating at Jefferies Financial Group

Mondi (LON:MNDI)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 1,080 price objective on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 43.43% from the company’s current price.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mondi from GBX 760 to GBX 825 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Finally, Citigroup lifted their price target on shares of Mondi from GBX 820 to GBX 1,040 and gave the stock a “buy” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Mondi has a consensus rating of “Moderate Buy” and an average price target of GBX 936.25.

Mondi Stock Down 7.9%

Shares of MNDI traded down GBX 64.20 during midday trading on Thursday, hitting GBX 753. The company had a trading volume of 61,980,113 shares, compared to its average volume of 9,869,267. The company’s 50-day simple moving average is GBX 841.89 and its 200-day simple moving average is GBX 794.99. The company has a debt-to-equity ratio of 62.05, a quick ratio of 1.14 and a current ratio of 1.55. The firm has a market capitalization of £3.32 billion, a P/E ratio of -12.76, a P/E/G ratio of 0.76 and a beta of 0.61. Mondi has a 1 year low of GBX 660 and a 1 year high of GBX 981.40.

Insiders Place Their Bets

In related news, insider Mike Powell purchased 34 shares of the business’s stock in a transaction that occurred on Monday, September 7th. The shares were purchased at an average cost of GBX 844 per share, for a total transaction of £286.96. Also, insider Andrew King purchased 34 shares of the business’s stock in a transaction that occurred on Monday, September 7th. The shares were bought at an average price of GBX 844 per share, for a total transaction of £286.96. Insiders purchased a total of 175 shares of company stock worth $149,917 over the last ninety days. Insiders own 0.20% of the company’s stock.

About Mondi

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.