Mondi (LON:MNDI) Price Target Raised to GBX 825

Mondi (LON:MNDI) had its price objective raised by Deutsche Bank Aktiengesellschaft from GBX 760 to GBX 825 in a research note issued to investors on Monday morning, MarketBeat Ratings reports. They currently have a hold rating on the stock.

MNDI has been the subject of several other research reports. Citigroup decreased their target price on shares of Mondi from GBX 1,000 to GBX 940 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Jefferies Financial Group dropped 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, JPMorgan Chase & Co. reduced their price objective on Mondi from GBX 840 to GBX 800 and set a “neutral” rating for the company in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Mondi has a consensus rating of “Moderate Buy” and an average target price of GBX 912.50.

Mondi Stock Down 1.6%

MNDI stock opened at GBX 906.20 on Monday. The company has a market cap of £3.99 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 0.76 and a beta of 0.58. The company has a fifty day moving average price of GBX 742.29 and a 200 day moving average price of GBX 805.82. The company has a debt-to-equity ratio of 62.05, a current ratio of 1.55 and a quick ratio of 1.14. Mondi has a 12 month low of GBX 660 and a 12 month high of GBX 1,084.99.

Insider Activity at Mondi

In other Mondi news, insider Mike Powell bought 42 shares of Mondi stock in a transaction on Tuesday, July 7th. The stock was bought at an average price of GBX 710 per share, with a total value of £298.20. Also, insider Andrew King bought 42 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were bought at an average price of GBX 710 per share, for a total transaction of £298.20. Insiders bought a total of 162 shares of company stock valued at $119,590 over the last three months. 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.