Citigroup Cuts Mondi (LON:MNDI) Price Target to GBX 1,030

Mondi (LON:MNDI) had its price objective lowered by Citigroup from GBX 1,250 to GBX 1,030 in a research report released on Wednesday, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

Separately, JPMorgan Chase & Co. upped their target price on Mondi from GBX 840 to GBX 970 and gave the stock a “neutral” rating in a report on Friday, December 5th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,133.33.

Mondi Stock Performance

LON MNDI opened at GBX 854.51 on Wednesday. The firm’s fifty day moving average price is GBX 895.42 and its two-hundred day moving average price is GBX 909.37. The stock has a market cap of £3.76 billion, a PE ratio of 22.85, a PEG ratio of 0.76 and a beta of 0.69. The company has a debt-to-equity ratio of 64.04, a quick ratio of 1.14 and a current ratio of 1.53. Mondi has a fifty-two week low of GBX 801.60 and a fifty-two week high of GBX 1,292.

Insider Activity at Mondi

In other news, 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. Also, insider Andrew King sold 34,403 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total transaction of £302,746.40. Company insiders own 0.18% 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.