Mondi (LON:MNDI) Given New GBX 1,250 Price Target at Citigroup

Mondi (LON:MNDI) had its target price reduced by Citigroup from GBX 1,530 to GBX 1,250 in a report published on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Separately, JPMorgan Chase & Co. lowered their price objective on Mondi from GBX 1,460 to GBX 1,240 and set an “overweight” rating on the stock in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 1,245.

Mondi Stock Performance

Shares of LON:MNDI opened at GBX 837.20 on Tuesday. The business’s 50 day moving average price is GBX 1,032.39 and its 200-day moving average price is GBX 1,118.94. The firm has a market capitalization of £3.69 billion, a PE ratio of 1,937.96, a P/E/G ratio of 0.76 and a beta of 0.68. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14. Mondi has a 1 year low of GBX 837.20 and a 1 year high of GBX 1,477.50.

Insider Buying and Selling

In other Mondi news, insider Sucheta Govil purchased 625 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The shares were acquired at an average price of GBX 873 per share, with a total value of £5,456.25. Also, insider Svein Richard Brandtzaeg purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The stock was acquired at an average cost of GBX 876 per share, for a total transaction of £8,760. Over the last three months, insiders purchased 16,654 shares of company stock worth $14,632,394. 0.17% 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.