JPMorgan Chase & Co. Cuts Mondi (LON:MNDI) Price Target to GBX 1,240

Key Points

• JPMorgan Chase & Co. has lowered its price target for Mondi stock from GBX 1,460 to GBX 1,240, while maintaining an "overweight" rating, indicating a potential upside of 16.21% from the stock's previous close.
• Citigroup has also reduced its target price for Mondi from GBX 1,650 to GBX 1,550 but has a "buy" rating for the stock.
• Mondi's share price has shown a decline of 1.1%, opening at GBX 1,067, with a recent 12-month high of GBX 1,497.50 and a low of GBX 973.80.

Mondi (LON:MNDI - Get Free Report) had its price objective lowered by JPMorgan Chase & Co. from GBX 1,460 ($19.83) to GBX 1,240 ($16.84) in a note issued to investors on Monday, MarketBeat.com reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 16.28% from the company's current price.

Separately, Citigroup dropped their target price on Mondi from GBX 1,650 ($22.41) to GBX 1,550 ($21.05) and set a "buy" rating for the company in a research report on Friday, August 1st.

Mondi Price Performance

Shares of Mondi stock traded up GBX 1.42 ($0.02) during midday trading on Monday, hitting GBX 1,066.42 ($14.48). 1,100,067 shares of the company were exchanged, compared to its average volume of 5,729,611. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14. The firm has a market cap of £5.60 billion, a P/E ratio of 14.50, a PEG ratio of 0.76 and a beta of 0.68. Mondi has a 52 week low of GBX 973.80 ($13.22) and a 52 week high of GBX 1,497.50 ($20.34). The firm has a 50 day simple moving average of GBX 1,163.84 and a 200-day simple moving average of GBX 1,182.02.

Insider Activity at Mondi

In other Mondi news, insider Mike Powell acquired 24 shares of the company's stock in a transaction on Monday, July 7th. The shares were purchased at an average price of GBX 1,186 ($16.11) per share, for a total transaction of £284.64 ($386.53). Also, insider Andrew King acquired 24 shares of the company's stock in a transaction on Monday, July 7th. The stock was acquired at an average price of GBX 1,186 ($16.11) per share, for a total transaction of £284.64 ($386.53). Insiders acquired 103 shares of company stock worth $119,313 in the last 90 days. 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.