Mondi (LON:MNDI) Price Target Raised to GBX 970 at JPMorgan Chase & Co.

Mondi (LON:MNDI) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from GBX 840 to GBX 970 in a research report issued on Friday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 11.21% from the stock’s previous close.

A number of other brokerages have also commented on MNDI. Jefferies Financial Group decreased their price objective on Mondi from GBX 1,700 to GBX 1,400 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Citigroup reduced their target price on shares of Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 1,206.67.

Mondi Price Performance

Shares of Mondi stock traded up GBX 12.84 during mid-day trading on Friday, reaching GBX 872.24. 1,046,401 shares of the stock were exchanged, compared to its average volume of 7,018,062. The firm has a 50-day simple moving average of GBX 866.18 and a 200 day simple moving average of GBX 1,035.63. Mondi has a fifty-two week low of GBX 801.60 and a fifty-two week high of GBX 1,338. The company has a market cap of £3.84 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00.

Insider Buying and Selling

In other Mondi news, insider Mike Powell purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were bought at an average price of GBX 874 per share, with a total value of £87,400. Also, insider Philip Yea acquired 5,000 shares of the business’s stock in a transaction on Monday, October 6th. The stock was purchased at an average cost of GBX 888 per share, with a total value of £44,400. Insiders have bought a total of 42,838 shares of company stock valued at $36,303,850 in the last 90 days. 0.18% of the stock is owned by insiders.

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.