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 - Free Report) had its target price reduced by Citigroup from GBX 1,650 ($21.93) to GBX 1,550 ($20.60) in a report published on Friday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

Separately, JPMorgan Chase & Co. upped their price objective on Mondi from GBX 1,430 ($19.01) to GBX 1,460 ($19.40) and gave the stock an "overweight" rating in a research report on Friday, July 18th.

Mondi Trading Up 2.0%

LON MNDI traded up GBX 20.61 ($0.27) on Friday, reaching GBX 1,056.61 ($14.04). 1,260,820 shares of the company were exchanged, compared to its average volume of 5,917,183. Mondi has a fifty-two week low of GBX 973.80 ($12.94) and a fifty-two week high of GBX 1,497.50 ($19.90). The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00. The stock has a market capitalization of £5.55 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The business's fifty day moving average price is GBX 1,182.43 and its 200 day moving average price is GBX 1,188.82.

Insider Transactions at Mondi

In other news, insider Andrew King purchased 24 shares of the stock in a transaction dated Monday, July 7th. The stock was acquired at an average cost of GBX 1,186 ($15.76) per share, for a total transaction of £284.64 ($378.31). Also, insider Mike Powell acquired 24 shares of Mondi stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of GBX 1,186 ($15.76) per share, with a total value of £284.64 ($378.31). Over the last ninety days, insiders have bought 100 shares of company stock worth $118,496. Corporate insiders own 1.36% 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.