Citigroup Issues Pessimistic Forecast for Mondi (LON:MNDI) Stock Price

Mondi (LON:MNDI) had its target price decreased by analysts at Citigroup from GBX 1,030 to GBX 1,000 in a report issued on Monday,Digital Look reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 17.10% from the stock’s current price.

Separately, JPMorgan Chase & Co. increased their target price on Mondi from GBX 900 to GBX 990 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Mondi currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,130.

Mondi Stock Down 1.2%

Mondi stock opened at GBX 854 on Monday. The company has a 50 day moving average of GBX 865.38 and a 200-day moving average of GBX 868.71. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 64.04. Mondi has a twelve month low of GBX 776 and a twelve month high of GBX 1,250.50. The stock has a market capitalization of £3.76 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 0.76 and a beta of 0.65.

Insider Activity

In other news, insider Mike Powell purchased 34 shares of the stock in a transaction on Thursday, April 9th. The stock was purchased at an average price of GBX 860 per share, for a total transaction of £292.40. Also, insider Andrew King acquired 34 shares of the firm’s stock in a transaction dated Thursday, April 9th. The shares were purchased at an average price of GBX 860 per share, with a total value of £292.40. Over the last 90 days, insiders have bought 140 shares of company stock worth $120,472. Company insiders own 0.20% of the company’s stock.

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. 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.