Jefferies Financial Group Has Lowered Expectations for Mondi (LON:MNDI) Stock Price

Mondi (LON:MNDI) had its target price reduced by stock analysts at Jefferies Financial Group from GBX 1,085 to GBX 1,080 in a research note issued to investors on Friday, Digital Look reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 31.23% from the stock’s current price.

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

Mondi Price Performance

Shares of MNDI opened at GBX 823 on Friday. Mondi has a one year low of GBX 660 and a one year high of GBX 1,058. The company has a debt-to-equity ratio of 62.05, a quick ratio of 1.14 and a current ratio of 1.55. The firm has a market capitalization of £3.63 billion, a price-to-earnings ratio of -13.95, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61. The stock’s fifty day moving average is GBX 842.85 and its 200-day moving average is GBX 798.15.

Insider Activity at Mondi

In other Mondi news, insider Mike Powell purchased 34 shares of the firm’s stock in a transaction on Monday, September 7th. The shares were purchased at an average price of GBX 844 per share, for a total transaction of £286.96. Also, insider Andrew King purchased 34 shares of the company’s stock in a transaction on Monday, September 7th. The stock was bought at an average cost of GBX 844 per share, for a total transaction of £286.96. Over the last three months, insiders have purchased 220 shares of company stock valued at $178,708. 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.