Mondi (LON:MNDI) Given New GBX 825 Price Target at Deutsche Bank Aktiengesellschaft

Mondi (LON:MNDI) had its price objective increased by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 760 to GBX 825 in a note issued to investors on Monday,London Stock Exchange reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential downside of 9.24% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group lowered their price objective on Mondi from GBX 1,100 to GBX 1,085 and set a “buy” rating on the stock in a report on Friday. Citigroup lowered their price target 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. Finally, JPMorgan Chase & Co. reduced their price objective on Mondi from GBX 840 to GBX 800 and set a “neutral” rating for the company in a research note on Friday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Mondi currently has a consensus rating of “Moderate Buy” and an average target price of GBX 912.50.

Mondi Stock Up 1.9%

MNDI stock opened at GBX 909 on Monday. Mondi has a 52 week low of GBX 660 and a 52 week high of GBX 1,084.99. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 62.05. The firm has a 50-day simple moving average of GBX 733.04 and a 200-day simple moving average of GBX 805.89. The stock has a market capitalization of £4.01 billion, a P/E ratio of 24.30, a P/E/G 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 on Tuesday, July 7th. The stock was acquired at an average cost of GBX 710 per share, with a total value of £298.20. Also, insider Mike Powell purchased 42 shares of Mondi stock in a transaction dated Tuesday, July 7th. The shares were bought at an average price of GBX 710 per share, for a total transaction of £298.20. In the last quarter, insiders have purchased 162 shares of company stock worth $119,590. 0.20% of the stock is currently owned by company 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.