Mondi (LON:MNDI) Price Target Lowered to GBX 1,250 at Citigroup

Key Points

• Citigroup has lowered its price target for Mondi shares from GBX 1,530 to GBX 1,250, though it maintains a "buy" rating, indicating a potential upside of 45.79% from the current price.
• JPMorgan Chase also reduced its price target for Mondi from GBX 1,460 to GBX 1,240, giving it an "overweight" rating.
• Shares of Mondi experienced a 2.5% decline during trading, currently priced at GBX 857.40, near its twelve-month low of GBX 857.20.

Mondi (LON:MNDI - Get Free Report) had its price objective cut by equities researchers at Citigroup from GBX 1,530 to GBX 1,250 in a note issued to investors on Tuesday, MarketBeat reports. The firm presently has a "buy" rating on the stock. Citigroup's price target suggests a potential upside of 45.79% from the stock's current price.

Separately, JPMorgan Chase & Co. reduced their price target on shares of Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating for the company in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of GBX 1,245.

Mondi Stock Down 2.5%

Shares of LON MNDI traded down GBX 22.20 during mid-day trading on Tuesday, reaching GBX 857.40. 60,578,766 shares of the company's stock were exchanged, compared to its average volume of 6,157,560. 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 business has a fifty day simple moving average of GBX 1,039 and a 200 day simple moving average of GBX 1,120.91. Mondi has a twelve month low of GBX 857.20 and a twelve month high of GBX 1,477.50. The firm has a market capitalization of £3.78 billion, a price-to-earnings ratio of 1,984.72, a PEG ratio of 0.76 and a beta of 0.68.

Insiders Place Their Bets

In other Mondi news, insider Philip Yea bought 5,000 shares of Mondi stock in a transaction dated Monday, October 6th. The stock was bought at an average price of GBX 888 per share, with a total value of £44,400. In the last quarter, insiders acquired 5,029 shares of company stock worth $4,470,769. 0.17% of the stock is owned by company insiders.

About Mondi

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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