Mondi (LON:MNDI) Given New GBX 1,030 Price Target at Citigroup

Mondi (LON:MNDI) had its target price reduced by Citigroup from GBX 1,250 to GBX 1,030 in a research note released on Wednesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Separately, JPMorgan Chase & Co. increased their target price on Mondi from GBX 840 to GBX 970 and gave the stock a “neutral” rating in a report on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Mondi presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,133.33.

Mondi Stock Up 2.1%

Shares of MNDI stock opened at GBX 860.60 on Wednesday. Mondi has a 12-month low of GBX 801.60 and a 12-month high of GBX 1,296.50. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 64.04. The firm has a fifty day moving average of GBX 896.77 and a 200-day moving average of GBX 911.09. The company has a market capitalization of £3.79 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 0.76 and a beta of 0.69.

Insiders Place Their Bets

In other Mondi news, insider Andrew King sold 34,403 shares of Mondi stock in a transaction on Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total value of £302,746.40. Also, insider Mike Powell sold 20,307 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of GBX 880, for a total transaction of £178,701.60. In the last ninety days, insiders purchased 68 shares of company stock valued at $59,704. 0.18% of the stock is owned by insiders.

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.