Mondi (LON:MNDI) Price Target Raised to GBX 990

Mondi (LON:MNDI) had its target price hoisted by JPMorgan Chase & Co. from GBX 900 to GBX 990 in a report released on Thursday morning,London Stock Exchange reports. They currently have a neutral rating on the stock.

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

Mondi Price Performance

Shares of MNDI opened at GBX 850.21 on Thursday. Mondi has a fifty-two week low of GBX 776 and a fifty-two week high of GBX 1,250.50. The company has a debt-to-equity ratio of 64.04, a current ratio of 1.53 and a quick ratio of 1.14. The company’s 50-day moving average is GBX 869.31 and its 200-day moving average is GBX 880.47. The firm has a market capitalization of £3.75 billion, a PE ratio of 22.73, a PEG ratio of 0.76 and a beta of 0.69.

Insider Buying and Selling

In other Mondi news, insider Andrew King sold 34,403 shares of the 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 firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total value of £178,701.60. Over the last ninety days, insiders have purchased 106 shares of company stock worth $91,980. 0.20% of the stock is owned by company 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. 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.