Mondi (LON:MNDI) Stock Keeps Buy Rating at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “buy” rating on Mondi and set a GBX 1,080 price target, implying 46.46% upside from the prior close.
• Mondi shares opened at GBX 737.40, down 9.8%, and were trading below both their 50-day and 200-day moving averages. The stock has ranged between GBX 660 and GBX 981.40 over the past year.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of GBX 936.25; insiders also purchased shares recently.

Mondi (LON:MNDI - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They presently have a GBX 1,080 target price on the stock. Jefferies Financial Group's target price would indicate a potential upside of 46.46% from the stock's previous close.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their price target on Mondi from GBX 840 to GBX 800 and set a "neutral" rating for the company in a research note on Friday, July 31st. Citigroup upped their price objective on Mondi from GBX 820 to GBX 1,040 and gave the stock a "buy" rating in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Mondi from GBX 760 to GBX 825 and gave the company a "hold" rating in a report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 936.25.

Mondi Trading Down 9.8%

Mondi stock opened at GBX 737.40 on Thursday. The firm has a 50-day moving average of GBX 841.89 and a 200-day moving average of GBX 794.99. Mondi has a one year low of GBX 660 and a one year high of GBX 981.40. The company has a debt-to-equity ratio of 62.05, a current ratio of 1.55 and a quick ratio of 1.14. The company has a market cap of £3.25 billion, a price-to-earnings ratio of -12.50, a P/E/G ratio of 0.76 and a beta of 0.61.

Insider Activity at Mondi

In other Mondi news, insider Andrew King purchased 34 shares of the company's stock in a transaction that occurred on Monday, September 7th. The shares were acquired at an average price of GBX 844 per share, for a total transaction of £286.96. Also, insider Mike Powell bought 34 shares of the business's stock in a transaction dated Monday, September 7th. The shares were bought at an average price of GBX 844 per share, with a total value of £286.96. Insiders have bought a total of 175 shares of company stock valued at $149,917 over the last quarter. 0.20% 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.

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