Mondi (LON:MNDI) Price Target Raised to GBX 1,460

Mondi (LON:MNDI - Get Free Report) had its target price increased by research analysts at JPMorgan Chase & Co. from GBX 1,430 ($19.20) to GBX 1,460 ($19.61) in a research report issued on Friday,Digital Look reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 28.69% from the stock's previous close.

Mondi Price Performance

Shares of MNDI traded down GBX 33 ($0.44) during trading hours on Friday, reaching GBX 1,134.50 ($15.23). The stock had a trading volume of 26,754,096 shares, compared to its average volume of 6,492,026. The company's 50-day moving average is GBX 1,198.74 and its two-hundred day moving average is GBX 1,191.96. The stock has a market capitalization of £5.96 billion, a PE ratio of 15.43, a PEG ratio of 0.76 and a beta of 0.68. Mondi has a 12 month low of GBX 973.80 ($13.08) and a 12 month high of GBX 1,587.50 ($21.32). The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06.

Insider Buying and Selling at Mondi

In other news, insider Andrew King bought 26 shares of the company's stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of GBX 1,152 ($15.47) per share, for a total transaction of £299.52 ($402.20). Also, insider Mike Powell purchased 24 shares of the firm's stock in a transaction on Monday, July 7th. The stock was acquired at an average price of GBX 1,186 ($15.93) per share, for a total transaction of £284.64 ($382.22). Insiders have bought a total of 100 shares of company stock valued at $118,496 in the last quarter. 1.36% of the stock is owned by corporate insiders.

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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