Citigroup Issues Positive Forecast for Mondi (LON:MNDI) Stock Price

Key Points

• Citigroup raised its price target for Mondi from GBX 820 to GBX 1,040 and maintained a “buy” rating, implying 12.72% upside from the prior close.
• Analyst sentiment remains positive but mixed: Mondi has a consensus “Moderate Buy” rating and an average price target of GBX 937.50, based on two Buy and two Hold ratings.
• Mondi shares opened at GBX 922.60, with a market capitalization of approximately £4.07 billion; insiders have also purchased shares worth $89,760 over the past three months.

Mondi (LON:MNDI - Get Free Report) had its price target increased by stock analysts at Citigroup from GBX 820 to GBX 1,040 in a research note issued to investors on Monday,London Stock Exchange reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price objective would suggest a potential upside of 12.72% from the stock's previous close.

A number of other research firms have also recently commented on MNDI. 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. Jefferies Financial Group dropped their price target on Mondi from GBX 1,100 to GBX 1,085 and set a "buy" rating on the stock in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped 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. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 937.50.

Mondi Stock Up 0.1%

Mondi stock opened at GBX 922.60 on Monday. Mondi has a 1-year low of GBX 660 and a 1-year high of GBX 1,084.99. The business has a fifty day moving average price of GBX 748.59 and a 200-day moving average price of GBX 806.14. 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 stock has a market capitalization of £4.07 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 0.76 and a beta of 0.58.

Insider Buying and Selling at Mondi

In other news, insider Mike Powell purchased 42 shares of the company's stock in a transaction on Tuesday, July 7th. The shares were acquired at an average price of GBX 710 per share, for a total transaction of £298.20. Also, insider Andrew King purchased 42 shares of the company's stock in a transaction on Tuesday, July 7th. The shares were purchased at an average price of GBX 710 per share, for a total transaction of £298.20. Over the last three months, insiders purchased 124 shares of company stock worth $89,760. 0.20% of the stock is 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. 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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