Citigroup Has Lowered Expectations for Mondi (LON:MNDI) Stock Price

Mondi (LON:MNDI) had its price target decreased by investment analysts at Citigroup from GBX 1,250 to GBX 1,030 in a research note issued on Wednesday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 22.91% from the stock’s current price.

Separately, JPMorgan Chase & Co. raised their target price on Mondi from GBX 840 to GBX 970 and gave the company a “neutral” rating in a research note on Friday, December 5th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,133.33.

Mondi Price Performance

LON:MNDI traded up GBX 9.60 during midday trading on Wednesday, hitting GBX 838. 10,519,907 shares of the stock were exchanged, compared to its average volume of 9,752,332. The company has a market capitalization of £3.69 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 0.76 and a beta of 0.69. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 64.04. Mondi has a one year low of GBX 801.60 and a one year high of GBX 1,296.50. The business has a 50-day moving average price of GBX 897.75 and a two-hundred day moving average price of GBX 911.57.

Insider Transactions at Mondi

In related news, insider Mike Powell sold 20,307 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total value of £178,701.60. Also, insider Andrew King sold 34,403 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total transaction of £302,746.40. Insiders have acquired 68 shares of company stock valued at $59,704 over the last ninety days. Insiders own 0.18% 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.