Mondi (LON:MNDI) Price Target Cut to GBX 1,550 by Analysts at Citigroup

Mondi (LON:MNDI) had its price objective lowered by research analysts at Citigroup from GBX 1,600 ($20.19) to GBX 1,550 ($19.56) in a research note issued on Tuesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 26.27% from the stock’s previous close.

Mondi Stock Down 0.6 %

Mondi stock traded down GBX 7.50 ($0.09) during trading on Tuesday, reaching GBX 1,227.50 ($15.49). 910,604 shares of the company’s stock were exchanged, compared to its average volume of 4,372,181. The company’s 50-day moving average is GBX 1,212.31 and its two-hundred day moving average is GBX 1,304.33. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06. Mondi has a 52-week low of GBX 1,134.50 ($14.32) and a 52-week high of GBX 1,618 ($20.42). The firm has a market cap of £6.45 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 0.76 and a beta of 0.68.

Insider Activity at Mondi

In other Mondi news, insider Andrew King bought 26 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were acquired at an average cost of GBX 1,161 ($14.65) per share, with a total value of £301.86 ($380.94). In the last ninety days, insiders have purchased 50 shares of company stock worth $59,838. 1.36% of the stock is currently 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.