JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Mondi (LON:MNDI) Stock

Mondi (LON:MNDI) had its target price raised by JPMorgan Chase & Co. from GBX 1,430 ($19.19) to GBX 1,460 ($19.60) in a report released on Friday, Marketbeat.com reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 27.60% from the company’s current price.

Mondi Stock Down 2.0%

MNDI stock opened at GBX 1,144.20 ($15.36) on Friday. Mondi has a one year low of GBX 973.80 ($13.07) and a one year high of GBX 1,587.50 ($21.31). The company has a fifty day moving average of GBX 1,198.47 and a 200-day moving average of GBX 1,191.63. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06. The stock has a market capitalization of £6.01 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68.

Insider Buying and Selling at Mondi

In related news, insider Andrew King acquired 26 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was bought at an average price of GBX 1,152 ($15.46) per share, for a total transaction of £299.52 ($402.04). Also, insider Mike Powell acquired 24 shares of the firm’s stock in a transaction on Monday, July 7th. The stock was bought at an average price of GBX 1,186 ($15.92) per share, with a total value of £284.64 ($382.07). Insiders purchased 100 shares of company stock worth $118,496 in the last three months. 1.36% of the stock is currently owned by corporate 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.