JPMorgan Chase & Co. Issues Pessimistic Forecast for Mondi (LON:MNDI) Stock Price

Mondi (LON:MNDI) had its target price cut by JPMorgan Chase & Co. from GBX 1,040 to GBX 840 in a report issued on Thursday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 22.52% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Citigroup dropped their price target on Mondi from GBX 1,000 to GBX 940 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 760 price objective on shares of Mondi in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 985.

Mondi Trading Down 0.3%

Shares of Mondi stock opened at GBX 685.60 on Thursday. The company’s 50-day moving average price is GBX 735.82 and its 200-day moving average price is GBX 824.35. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 60.89. Mondi has a 12-month low of GBX 667 and a 12-month high of GBX 1,219.50. The company has a market cap of £3.02 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 0.76 and a beta of 0.58.

Insider Buying and Selling

In related news, insider Andrew King bought 42 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were purchased at an average cost of GBX 710 per share, with a total value of £298.20. Also, insider Mike Powell acquired 42 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were purchased at an average cost of GBX 710 per share, for a total transaction of £298.20. Insiders have acquired 5,162 shares of company stock valued at $3,864,590 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

About Mondi

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.