Mondi (LON:MNDI) Price Target Cut to GBX 940 by Analysts at Citigroup

Mondi (LON:MNDI) had its price objective reduced by research analysts at Citigroup from GBX 1,000 to GBX 940 in a research report issued on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 26.11% from the company’s previous close.

Separately, JPMorgan Chase & Co. upped their price target on shares of Mondi from GBX 990 to GBX 1,040 and gave the stock a “neutral” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mondi has an average rating of “Moderate Buy” and an average target price of GBX 1,126.67.

Mondi Trading Up 1.0%

Shares of LON MNDI opened at GBX 745.40 on Tuesday. The business’s 50 day moving average price is GBX 850.56 and its 200-day moving average price is GBX 864.17. Mondi has a fifty-two week low of GBX 728.20 and a fifty-two week high of GBX 1,250.50. The company has a debt-to-equity ratio of 64.04, a quick ratio of 1.14 and a current ratio of 1.53. The company has a market cap of £3.29 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 0.76 and a beta of 0.65.

Insider Buying and Selling at Mondi

In related news, insider Stephen G. Young bought 5,000 shares of the stock in a transaction on Monday, April 27th. The stock was bought at an average price of GBX 749 per share, for a total transaction of £37,450. Also, insider Mike Powell sold 20,307 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 £178,701.60. In the last quarter, insiders have acquired 5,140 shares of company stock valued at $3,865,472. 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.