Mondi (LON:MNDI) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

Mondi (LON:MNDI)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 1,080 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 46.46% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Citigroup boosted their target price on shares of Mondi from GBX 820 to GBX 1,040 and gave the company a “buy” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. lowered their price target on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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. 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 936.25.

Mondi Stock Down 9.8%

MNDI stock opened at GBX 737.40 on Thursday. The company has a debt-to-equity ratio of 62.05, a current ratio of 1.55 and a quick ratio of 1.14. The stock has a market capitalization of £3.25 billion, a price-to-earnings ratio of -12.50, a PEG ratio of 0.76 and a beta of 0.61. The business’s fifty day moving average price is GBX 841.89 and its two-hundred day moving average price is GBX 794.99. Mondi has a fifty-two week low of GBX 660 and a fifty-two week high of GBX 981.40.

Insider Buying and Selling at Mondi

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