Jefferies Financial Group Reaffirms “Buy” Rating for Mondi (LON:MNDI)

Mondi (LON:MNDI)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They currently have a GBX 1,080 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 42.71% from the company’s current price.

MNDI has been the topic of several other research reports. Citigroup lifted their price objective 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 boosted their target price on shares of Mondi from GBX 760 to GBX 825 and gave the company a “hold” rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating for the company in a research report on Friday, July 31st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 936.25.

Mondi Trading Up 0.5%

Shares of Mondi stock opened at GBX 756.80 on Thursday. The firm has a market cap of £3.34 billion, a PE ratio of -12.83, a P/E/G ratio of 0.76 and a beta of 0.61. Mondi has a 1 year low of GBX 660 and a 1 year high of GBX 981.40. The company has a debt-to-equity ratio of 62.05, a current ratio of 1.55 and a quick ratio of 1.14. The stock has a fifty day moving average price of GBX 835.46 and a 200-day moving average price of GBX 794.09.

Insider Activity

In other news, insider Andrew King acquired 34 shares of the stock in a transaction that occurred on 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 Mike Powell bought 34 shares of the business’s stock in a transaction on Monday, September 7th. The shares were acquired at an average price of GBX 844 per share, with a total value of £286.96. In the last three months, insiders purchased 175 shares of company stock valued at $149,917. 0.20% of the stock is currently owned by 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. 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.