Jefferies Financial Group Cuts Mondi (LON:MNDI) Price Target to GBX 1,080

Mondi (LON:MNDI) had its target price trimmed by Jefferies Financial Group from GBX 1,085 to GBX 1,080 in a research report report published on Friday morning,Digital Look reports. The firm currently has a buy rating on the stock.

MNDI has been the topic of a number of other reports. Citigroup raised their target price on shares of Mondi from GBX 820 to GBX 1,040 and gave the stock a “buy” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Mondi from GBX 760 to GBX 825 and gave the company a “hold” rating in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 936.25.

Mondi Stock Up 1.0%

Shares of MNDI stock opened at GBX 823.02 on Friday. The stock has a 50 day moving average of GBX 844.27 and a 200 day moving average of GBX 798.21. The stock has a market cap of £3.63 billion, a P/E ratio of -13.95, a P/E/G ratio of 0.76 and a beta of 0.61. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 62.05. Mondi has a twelve month low of GBX 660 and a twelve month high of GBX 1,058.

Insider Buying and Selling at Mondi

In other news, insider Mike Powell purchased 34 shares of the company’s stock in a transaction dated Monday, September 7th. The shares were acquired at an average cost of GBX 844 per share, for a total transaction of £286.96. Also, insider Andrew King purchased 34 shares of the business’s stock in a transaction that occurred on Monday, September 7th. The shares were purchased at an average cost of GBX 844 per share, with a total value of £286.96. Insiders bought a total of 220 shares of company stock valued at $178,708 in the last 90 days. 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.