Citigroup Cuts Mondi (LON:MNDI) Price Target to GBX 940

Key Points

• Citigroup cut its price target on Mondi from GBX 1,000 to GBX 940 but kept a buy rating, implying about a 26.1% upside from the current price; JPMorgan raised its target to GBX 1,040 with a neutral rating and the consensus is a "Moderate Buy" with an average target of GBX 1,126.67.
• Mondi opened at GBX 745.40 and is trading near its 12‑month low (GBX 728.20), with a market cap of £3.29 billion and a PE ratio of 19.93.
• Insiders bought 5,140 shares in the last three months — including a 5,000‑share purchase by Stephen G. Young at GBX 749 — though insiders still own only 0.20% of the company.

Mondi (LON:MNDI - Get Free Report) had its price target dropped by equities research analysts at Citigroup from GBX 1,000 to GBX 940 in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a "buy" rating on the stock. Citigroup's price target would suggest a potential upside of 26.11% from the stock's current price.

Separately, JPMorgan Chase & Co. lifted their price target on shares of Mondi from GBX 990 to GBX 1,040 and gave the company a "neutral" rating in a report on Monday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 1,126.67.

Mondi Stock Up 1.0%

LON MNDI opened at GBX 745.40 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 64.04. Mondi has a 12 month low of GBX 728.20 and a 12 month high of GBX 1,250.50. The stock's 50 day moving average is GBX 850.56 and its 200 day moving average is GBX 864.17. The stock has a market cap of £3.29 billion, a PE ratio of 19.93, a P/E/G ratio of 0.76 and a beta of 0.65.

Insider Transactions at Mondi

In other Mondi news, insider Andrew King bought 34 shares of the firm's stock in a transaction dated Thursday, April 9th. The shares were purchased at an average cost of GBX 860 per share, for a total transaction of £292.40. Also, insider Stephen G. Young purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, April 27th. The stock was bought at an average price of GBX 749 per share, with a total value of £37,450. Insiders have acquired a total of 5,140 shares of company stock worth $3,865,472 in the last three months. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.