JPMorgan Chase & Co. Cuts Mondi (LON:MNDI) Price Target to GBX 800

Mondi (LON:MNDI) had its price target decreased by stock analysts at JPMorgan Chase & Co. from GBX 840 to GBX 800 in a note issued to investors on Friday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 10.33% from the stock’s current price.

A number of other equities analysts also recently weighed in on the company. Citigroup cut their target price on Mondi from GBX 1,000 to GBX 940 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Jefferies Financial Group reduced their price objective on Mondi from GBX 1,100 to GBX 1,085 and set a “buy” rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 760 target price on shares of Mondi in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 896.25.

Mondi Stock Up 1.9%

Mondi stock traded up GBX 16.60 during midday trading on Friday, hitting GBX 892.20. 38,066,262 shares of the stock were exchanged, compared to its average volume of 12,559,008. Mondi has a 52-week low of GBX 660 and a 52-week high of GBX 1,129.50. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 60.89. The business’s 50-day moving average price is GBX 729.90 and its 200-day moving average price is GBX 805.91. The stock has a market capitalization of £3.93 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 0.76 and a beta of 0.58.

Insider Activity

In other Mondi news, insider Andrew King purchased 42 shares of the stock in a transaction dated Tuesday, July 7th. The shares were bought at an average price of GBX 710 per share, with a total value of £298.20. Also, insider Mike Powell purchased 42 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average price of GBX 710 per share, for a total transaction of £298.20. Insiders bought 162 shares of company stock valued at $119,590 in the last quarter. Corporate 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.