Mondi (LON:MNDI) Given New GBX 1,000 Price Target at Citigroup

Mondi (LON:MNDI) had its price objective cut by Citigroup from GBX 1,030 to GBX 1,000 in a research report sent to investors on Monday,Digital Look reports. They currently have a buy rating on the stock.

Separately, JPMorgan Chase & Co. boosted their price objective on Mondi from GBX 900 to GBX 990 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Mondi has a consensus rating of “Moderate Buy” and an average price target of GBX 1,130.

Mondi Price Performance

Shares of LON MNDI opened at GBX 857 on Monday. The stock’s 50-day simple moving average is GBX 864.75 and its two-hundred day simple moving average is GBX 867.41. Mondi has a twelve month low of GBX 776 and a twelve month high of GBX 1,250.50. The firm has a market capitalization of £3.78 billion, a P/E ratio of 22.91, a P/E/G ratio of 0.76 and a beta of 0.65. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 64.04.

Insider Activity

In related news, insider Mike Powell bought 34 shares of the stock in a transaction dated Thursday, April 9th. The stock was bought at an average price of GBX 860 per share, with a total value of £292.40. Also, insider Andrew King bought 34 shares of the stock in a transaction dated Thursday, April 9th. The stock was bought at an average cost of GBX 860 per share, with a total value of £292.40. Over the last 90 days, insiders have acquired 140 shares of company stock valued at $120,472. Company insiders own 0.20% of the company’s stock.

Mondi Company Profile

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.