Mondi (LON:MNDI) Stock Price Target Lowered at Jefferies Financial Group

Key Points

• Jefferies lowered Mondi’s price target slightly from GBX 1,085 to GBX 1,080 while maintaining a “buy” rating, implying 31.23% upside from the previous close.
• Analyst sentiment remains positive overall, with Mondi carrying a “Moderate Buy” consensus rating and an average price target of GBX 936.25.
• Mondi shares opened at GBX 823 and were up 1.0%; company insiders have purchased 220 shares worth approximately $178,708 over the past 90 days.

Mondi (LON:MNDI - Get Free Report) had its target price reduced by investment analysts at Jefferies Financial Group from GBX 1,085 to GBX 1,080 in a research note issued on Friday, Digital Look reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's target price would suggest a potential upside of 31.23% from the company's previous close.

A number of other equities analysts also recently commented on MNDI. JPMorgan Chase & Co. reduced their price objective on Mondi from GBX 840 to GBX 800 and set a "neutral" rating on the stock in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mondi from GBX 760 to GBX 825 and gave the company a "hold" rating in a report on Monday, August 3rd. Finally, Citigroup increased their price objective on Mondi from GBX 820 to GBX 1,040 and gave the company a "buy" rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 936.25.

Mondi Trading Up 1.0%

Mondi stock opened at GBX 823 on Friday. The company has a debt-to-equity ratio of 62.05, a quick ratio of 1.14 and a current ratio of 1.55. The stock has a market cap of £3.63 billion, a PE ratio of -13.95, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61. The stock has a 50-day moving average of GBX 842.85 and a two-hundred day moving average of GBX 798.15. Mondi has a one year low of GBX 660 and a one year high of GBX 1,058.

Insider Buying and Selling at Mondi

In related news, insider Mike Powell bought 34 shares of Mondi stock in a transaction that occurred on Monday, September 7th. The shares were purchased at an average price of GBX 844 per share, with a total value of £286.96. Also, insider Andrew King purchased 34 shares of the firm's stock in a transaction on Monday, September 7th. The stock was acquired at an average cost of GBX 844 per share, for a total transaction of £286.96. Insiders bought a total of 220 shares of company stock valued at $178,708 in the last 90 days. 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.

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