JPMorgan Chase & Co. Issues Pessimistic Forecast for Mondi (LON:MNDI) Stock Price

Key Points

• JPMorgan Chase & Co. has lowered its target price for Mondi (LON:MNDI) stock from GBX 1,180 to GBX 840, maintaining a "neutral" rating.
• Other analysts like Jefferies and Citigroup have also cut their price targets, with Jefferies setting it at GBX 1,400 and Citigroup at GBX 1,250, while the stock currently holds an average rating of "Moderate Buy."
• Recent insider activity showed purchases, indicating confidence from executives, with insiders collectively acquiring 17,831 shares worth over $15 million in the past three months.

Mondi (LON:MNDI - Get Free Report) had its target price lowered by research analysts at JPMorgan Chase & Co. from GBX 1,180 to GBX 840 in a research report issued on Monday,Digital Look reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 3.07% from the company's previous close.

MNDI has been the topic of several other reports. Jefferies Financial Group decreased their price objective on shares of Mondi from GBX 1,700 to GBX 1,400 and set a "buy" rating on the stock in a research note on Wednesday, October 8th. Citigroup dropped their price objective on Mondi from GBX 1,530 to GBX 1,250 and set a "buy" rating for the company in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 1,163.33.

Mondi Price Performance

Shares of MNDI stock opened at GBX 815 on Monday. The company has a market capitalization of £3.59 billion, a P/E ratio of 18.87, a P/E/G ratio of 0.76 and a beta of 0.68. Mondi has a 12 month low of GBX 806.60 and a 12 month high of GBX 1,338. The stock has a 50 day moving average of GBX 995.71 and a two-hundred day moving average of GBX 1,099.94. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00.

Insider Activity at Mondi

In related news, insider Philip Yea purchased 5,000 shares of Mondi stock in a transaction dated Monday, October 6th. The shares were bought at an average cost of GBX 888 per share, for a total transaction of £44,400. Also, insider Mike Powell bought 10,000 shares of Mondi stock in a transaction on Tuesday, October 7th. The shares were acquired at an average cost of GBX 874 per share, for a total transaction of £87,400. Insiders have acquired 17,831 shares of company stock worth $15,655,279 in the last three months. Insiders own 0.17% 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.

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