Mondi (LON:MNDI - Get Free Report) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from GBX 1,430 ($19.18) to GBX 1,460 ($19.58) in a report released on Friday, MarketBeat reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 27.07% from the company's current price.
Mondi Trading Up 0.4%
LON:MNDI traded up GBX 4.80 ($0.06) on Friday, reaching GBX 1,149 ($15.41). 96,494,672 shares of the company's stock were exchanged, compared to its average volume of 6,440,152. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00. The firm has a market capitalization of £6.04 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The business has a fifty day moving average of GBX 1,198.47 and a 200-day moving average of GBX 1,191.69. Mondi has a 52-week low of GBX 973.80 ($13.06) and a 52-week high of GBX 1,587.50 ($21.29).
Insider Transactions at Mondi
In related news, insider Andrew King acquired 26 shares of the stock in a transaction dated Friday, May 9th. The stock was acquired at an average cost of GBX 1,152 ($15.45) per share, with a total value of £299.52 ($401.77). Also, insider Mike Powell acquired 24 shares of the stock in a transaction dated Monday, July 7th. The shares were bought at an average cost of GBX 1,186 ($15.91) per share, with a total value of £284.64 ($381.81). Over the last three months, insiders have bought 100 shares of company stock valued at $118,496. Corporate insiders own 1.36% of the company's stock.
About Mondi
(
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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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