Mondi (LON:MNDI) Price Target Raised to GBX 970

Mondi (LON:MNDI) had its target price upped by JPMorgan Chase & Co. from GBX 840 to GBX 970 in a research note released on Friday morning, Marketbeat reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Citigroup reduced their target price on shares of Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating for the company in a report on Tuesday, October 7th. Jefferies Financial Group dropped their price target on Mondi from GBX 1,700 to GBX 1,400 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mondi currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,206.67.

Mondi Stock Up 1.5%

Shares of LON MNDI opened at GBX 872.24 on Friday. The company has a 50-day moving average of GBX 863.27 and a 200 day moving average of GBX 1,030.64. Mondi has a 12-month low of GBX 801.60 and a 12-month high of GBX 1,338. The stock has a market cap of £3.84 billion, a PE ratio of 20.19, 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.

Insider Transactions at Mondi

In other Mondi news, insider Svein Richard Brandtzaeg acquired 1,000 shares of the business’s stock in a transaction on Tuesday, October 7th. The stock was purchased at an average price of GBX 876 per share, for a total transaction of £8,760. Also, insider Angela Strank bought 1,141 shares of Mondi stock in a transaction on Thursday, October 9th. The stock was acquired at an average cost of GBX 869 per share, with a total value of £9,915.29. Over the last 90 days, insiders bought 42,838 shares of company stock valued at $36,303,850. 0.18% of the stock is owned by company 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.