JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Mondi (LON:MNDI) Stock

Mondi (LON:MNDI) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from GBX 900 to GBX 990 in a report issued on Thursday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 16.44% from the stock’s current price.

Separately, Citigroup lowered their price objective on shares of Mondi from GBX 1,250 to GBX 1,030 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 1,140.

Mondi Stock Performance

Shares of Mondi stock traded up GBX 5.81 during trading on Thursday, reaching GBX 850.21. The company’s stock had a trading volume of 88,740,914 shares, compared to its average volume of 10,406,882. The company has a 50-day moving average price of GBX 870.21 and a two-hundred day moving average price of GBX 882.60. Mondi has a fifty-two week low of GBX 776 and a fifty-two week high of GBX 1,250.50. The firm has a market cap of £3.75 billion, a PE ratio of 22.73, 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.

Insider Activity at Mondi

In other news, insider Andrew King sold 34,403 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was 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 company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of GBX 880, for a total value of £178,701.60. Insiders acquired a total of 106 shares of company stock worth $91,980 over the last quarter. Company 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.