Citigroup Cuts Mondi (LON:MNDI) Price Target to GBX 1,000

Mondi (LON:MNDI) had its price target cut by Citigroup from GBX 1,030 to GBX 1,000 in a research report report published on Monday morning,Digital Look reports. They currently have a buy rating on the stock.

Separately, JPMorgan Chase & Co. boosted their target price on shares of Mondi from GBX 900 to GBX 990 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Mondi currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,130.

Mondi Price Performance

MNDI opened at GBX 838 on Monday. The company has a 50-day moving average of GBX 860.79 and a 200-day moving average of GBX 865.80. The company has a market capitalization of £3.69 billion, a P/E ratio of 22.41, a PEG ratio of 0.76 and a beta of 0.65. Mondi has a 1-year low of GBX 776 and a 1-year 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.

Insider Transactions at Mondi

In other Mondi news, insider Mike Powell acquired 34 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was acquired at an average price of GBX 860 per share, with a total value of £292.40. Also, insider Andrew King acquired 34 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were acquired at an average cost of GBX 860 per share, with a total value of £292.40. In the last ninety days, insiders have purchased 140 shares of company stock valued at $120,472. 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.