Mondi (LON:MNDI) Price Target Raised to GBX 1,040

Mondi (LON:MNDI) had its price objective upped by Citigroup from GBX 820 to GBX 1,040 in a research report report published on Monday, MarketBeat.com reports. They currently have a buy rating on the stock.

MNDI has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft upped their price target on Mondi from GBX 760 to GBX 825 and gave the company a “hold” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. reduced their target price on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Finally, Jefferies Financial Group lowered their target price on shares of Mondi from GBX 1,100 to GBX 1,085 and set a “buy” rating on the stock in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 937.50.

Mondi Stock Down 0.7%

Shares of MNDI opened at GBX 896.66 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 62.05. The company has a 50-day moving average price of GBX 758.43 and a two-hundred day moving average price of GBX 806.93. The stock has a market cap of £3.95 billion, a price-to-earnings ratio of -15.20, a P/E/G ratio of 0.76 and a beta of 0.61. Mondi has a 12 month low of GBX 660 and a 12 month high of GBX 1,083.

Insider Transactions at Mondi

In related news, insider Andrew King acquired 34 shares of the stock in a transaction on Friday, August 7th. The stock was purchased at an average price of GBX 907 per share, for a total transaction of £308.38. Also, insider Mike Powell bought 34 shares of the company’s stock in a transaction on Friday, August 7th. The stock was bought at an average cost of GBX 907 per share, with a total value of £308.38. In the last three months, insiders have acquired 192 shares of company stock worth $151,436. Insiders own 0.20% 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.