Citigroup Cuts Mondi (LON:MNDI) Price Target to GBX 1,550

Key Points

• Citigroup has lowered its price target for Mondi from GBX 1,650 to GBX 1,550, while maintaining a "buy" rating, reflecting a potential upside of 49.47% from the last closing price.
• JPMorgan Chase & Co. also adjusted their price target for Mondi, increasing it from GBX 1,430 to GBX 1,460, assigning the stock an "overweight" rating.
• Insider buying has been noted, with two insiders purchasing a total of 48 shares at GBX 1,186 each, indicating confidence in the company's performance.

Mondi (LON:MNDI - Get Free Report) had its target price lowered by investment analysts at Citigroup from GBX 1,650 ($21.80) to GBX 1,550 ($20.48) in a research note issued on Friday, MarketBeat reports. The firm presently has a "buy" rating on the stock. Citigroup's price objective points to a potential upside of 49.47% from the company's previous close.

Separately, JPMorgan Chase & Co. increased their price target on shares of Mondi from GBX 1,430 ($18.89) to GBX 1,460 ($19.29) and gave the stock an "overweight" rating in a report on Friday, July 18th.

Mondi Price Performance

Shares of LON:MNDI opened at GBX 1,037 ($13.70) on Friday. The company's 50-day moving average is GBX 1,192.27 and its 200 day moving average is GBX 1,191.50. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06. The company has a market capitalization of £5.45 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. Mondi has a fifty-two week low of GBX 973.80 ($12.86) and a fifty-two week high of GBX 1,524 ($20.13).

Insider Buying and Selling

In other Mondi news, insider Mike Powell purchased 24 shares of Mondi stock in a transaction on Monday, July 7th. The shares were acquired at an average cost of GBX 1,186 ($15.67) per share, for a total transaction of £284.64 ($376.01). Also, insider Andrew King purchased 24 shares of Mondi stock in a transaction on Monday, July 7th. The shares were acquired at an average price of GBX 1,186 ($15.67) per share, for a total transaction of £284.64 ($376.01). Insiders purchased 100 shares of company stock worth $118,496 over the last ninety days. 1.36% of the stock is currently owned by 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.

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