Jefferies Financial Group Issues Pessimistic Forecast for Mondi (LON:MNDI) Stock Price

Mondi (LON:MNDI – Get Free Report) had its price target lowered by analysts at Jefferies Financial Group from GBX 1,100 to GBX 1,085 in a research note issued on Friday,Digital Look reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 23.38% from the stock’s current price.

A number of other brokerages also recently issued reports on MNDI. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 760 price target on shares of Mondi in a report on Monday, May 11th. Citigroup lowered their price objective on shares of Mondi from GBX 1,000 to GBX 940 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Mondi from GBX 1,040 to GBX 840 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 906.25.

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Mondi Price Performance

LON MNDI opened at GBX 879.40 on Friday. Mondi has a one year low of GBX 660 and a one year high of GBX 1,129.50. The stock has a 50-day moving average of GBX 729.90 and a 200 day moving average of GBX 805.91. The company has a debt-to-equity ratio of 60.89, a quick ratio of 1.14 and a current ratio of 1.53. The company has a market capitalization of £3.88 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 0.76 and a beta of 0.58.

Insider Transactions at Mondi

In other Mondi news, insider Mike Powell purchased 42 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was acquired at an average cost of GBX 710 per share, for a total transaction of £298.20. Also, insider Andrew King acquired 42 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were bought at an average cost of GBX 710 per share, with a total value of £298.20. Over the last 90 days, insiders have acquired 162 shares of company stock valued at $119,590. Corporate insiders own 0.20% of the company’s stock.

About Mondi

(Get Free Report)

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.

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