Citigroup Has Lowered Expectations for Mondi (LON:MNDI) Stock Price

Mondi (LON:MNDI) had its price target lowered by research analysts at Citigroup from GBX 1,250 to GBX 1,030 in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 19.47% from the company’s previous close.

Separately, JPMorgan Chase & Co. lifted their price target 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 issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,133.33.

Mondi Price Performance

Mondi stock opened at GBX 862.11 on Wednesday. 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 company has a fifty day simple moving average of GBX 896.17 and a 200-day simple moving average of GBX 910.75. The stock has a market cap of £3.80 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 0.76 and a beta of 0.69. Mondi has a 12-month low of GBX 801.60 and a 12-month high of GBX 1,296.50.

Insider Activity at Mondi

In related news, insider Andrew King sold 34,403 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total value of £302,746.40. Also, insider Mike Powell sold 20,307 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of GBX 880, for a total transaction of £178,701.60. 0.18% 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. 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.