Mondi (LON:MNDI) Price Target Lowered to GBX 1,400 at Jefferies Financial Group

Key Points

• Jefferies Financial Group has lowered its price target for Mondi (LON:MNDI) from GBX 1,700 to GBX 1,400, maintaining a "buy" rating.
• Recent assessments from other analysts include a price target cut by JPMorgan Chase from GBX 1,460 to GBX 1,240 and Citigroup from GBX 1,530 to GBX 1,250, with the current consensus rating still at "Buy".
• Despite the price adjustments, Mondi's stock has a potential upside of 59.60% based on the latest target price compared to its recent close around GBX 877.20.

Mondi (LON:MNDI - Get Free Report) had its price objective decreased by research analysts at Jefferies Financial Group from GBX 1,700 to GBX 1,400 in a report issued on Wednesday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's target price indicates a potential upside of 59.60% from the stock's previous close.

Several other equities analysts have also commented on MNDI. JPMorgan Chase & Co. cut their price target on Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating on the stock in a research note on Monday, August 11th. Citigroup cut their price target on Mondi from GBX 1,530 to GBX 1,250 and set a "buy" rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Mondi presently has a consensus rating of "Buy" and an average price target of GBX 1,296.67.

Mondi Stock Performance

Shares of Mondi stock opened at GBX 877.20 on Wednesday. The firm has a market cap of £3.86 billion, a P/E ratio of 2,030.56, a P/E/G ratio of 0.76 and a beta of 0.68. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00. Mondi has a 12 month low of GBX 830.40 and a 12 month high of GBX 1,477.50. The stock's fifty day moving average price is GBX 1,026.01 and its 200-day moving average price is GBX 1,117.07.

Insider Transactions at Mondi

In other news, insider Philip Yea bought 5,000 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The stock was purchased at an average price of GBX 888 per share, with a total value of £44,400. Also, insider Svein Richard Brandtzaeg bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 7th. The shares were purchased at an average cost of GBX 876 per share, with a total value of £8,760. Over the last three months, insiders bought 16,690 shares of company stock worth $14,663,750. 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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