JPMorgan Chase & Co. Boosts Mondi (LON:MNDI) Price Target to GBX 1,040

Mondi (LON:MNDI) had its price objective raised by research analysts at JPMorgan Chase & Co. from GBX 990 to GBX 1,040 in a research note issued to investors on Monday,Digital Look reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 40.73% from the stock’s previous close.

Separately, Citigroup reduced their target price on shares of Mondi from GBX 1,030 to GBX 1,000 and set a “buy” rating on the stock in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 1,146.67.

Mondi Trading Down 1.2%

LON MNDI opened at GBX 739 on Monday. The company’s fifty day simple moving average is GBX 854.19 and its 200-day simple moving average is GBX 864.99. Mondi has a 52 week low of GBX 737.20 and a 52 week high of GBX 1,250.50. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 64.04. The stock has a market cap of £3.26 billion, a P/E ratio of 19.76, a PEG ratio of 0.76 and a beta of 0.65.

Insider Buying and Selling at Mondi

In related news, insider Mike Powell purchased 34 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The shares were purchased at an average cost of GBX 860 per share, with a total value of £292.40. Also, insider Andrew King purchased 34 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was bought at an average cost of GBX 860 per share, for a total transaction of £292.40. Insiders purchased 140 shares of company stock worth $120,472 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

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.