Mondi (LON:MNDI) Price Target Raised to GBX 990

Mondi (LON:MNDI) had its price objective upped by stock analysts at JPMorgan Chase & Co. from GBX 900 to GBX 990 in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 16.44% from the stock’s previous close.

Separately, Citigroup decreased their target price on Mondi from GBX 1,250 to GBX 1,030 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,140.

Mondi Stock Up 0.7%

Shares of LON:MNDI traded up GBX 5.81 on Thursday, hitting GBX 850.21. 88,740,914 shares of the company’s stock were exchanged, compared to its average volume of 10,406,882. Mondi has a 1-year low of GBX 776 and a 1-year high of GBX 1,250.50. The company has a market capitalization of £3.75 billion, a PE ratio of 22.73, a P/E/G ratio of 0.76 and a beta of 0.69. The company has a debt-to-equity ratio of 64.04, a quick ratio of 1.14 and a current ratio of 1.53. The firm’s 50-day moving average is GBX 870.21 and its 200 day moving average is GBX 882.60.

Insiders Place Their Bets

In related news, insider Mike Powell acquired 36 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was bought at an average price of GBX 861 per share, for a total transaction of £309.96. Also, insider Andrew King acquired 36 shares of the company’s stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of GBX 861 per share, for a total transaction of £309.96. Over the last three months, insiders purchased 106 shares of company stock valued at $91,980. 0.20% of the stock is owned by corporate 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. The Corrugated Packaging segment provides virgin and recycled containerboards for fresh fruit packaging and heavy and fragile goods transport packaging applications; and corrugated solutions, such as corrugated boxes and packaging products.