Mondi’s (MNDI) Buy Rating Reiterated at Jefferies Financial Group

Mondi (LON:MNDI)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 1,080 price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 43.78% from the company’s current price.

Several other analysts also recently issued reports on MNDI. Deutsche Bank Aktiengesellschaft increased their price target on Mondi from GBX 760 to GBX 825 and gave the company a “hold” rating in a report on Monday, August 3rd. Citigroup boosted their price target on Mondi from GBX 820 to GBX 1,040 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 936.25.

Mondi Trading Down 8.1%

Shares of MNDI stock traded down GBX 66.04 during mid-day trading on Thursday, reaching GBX 751.16. The company’s stock had a trading volume of 2,273,437 shares, compared to its average volume of 9,570,732. The company’s 50 day simple moving average is GBX 841.89 and its 200-day simple moving average is GBX 794.99. Mondi has a 12-month low of GBX 660 and a 12-month high of GBX 981.40. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 62.05. The firm has a market capitalization of £3.31 billion, a PE ratio of -12.73, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61.

Insider Activity at Mondi

In other news, insider Mike Powell purchased 34 shares of the stock in a transaction dated Monday, September 7th. The stock was acquired 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 stock in a transaction dated Monday, September 7th. The stock was purchased at an average price of GBX 844 per share, with a total value of £286.96. In the last quarter, insiders bought 175 shares of company stock valued at $149,917. 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.