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

Mondi (LON:MNDI)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 1,080 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 43.43% from the stock’s previous close.

Several other research firms have also commented on MNDI. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mondi from GBX 760 to GBX 825 and gave the company a “hold” rating in a report on Monday, August 3rd. Citigroup boosted their price objective on shares of Mondi from GBX 820 to GBX 1,040 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 936.25.

Mondi Stock Performance

Shares of LON:MNDI traded down GBX 64.20 on Thursday, reaching GBX 753. 61,980,113 shares of the company’s stock were exchanged, compared to its average volume of 9,869,267. The firm has a market capitalization of £3.32 billion, a price-to-earnings ratio of -12.76, a PEG ratio of 0.76 and a beta of 0.61. Mondi has a fifty-two week low of GBX 660 and a fifty-two week high of GBX 981.40. The business’s 50-day moving average is GBX 841.89 and its two-hundred day moving average is GBX 794.99. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 62.05.

Insider Transactions at Mondi

In other news, insider Andrew King bought 34 shares of Mondi stock in a transaction on Monday, September 7th. The stock was purchased at an average cost of GBX 844 per share, with a total value of £286.96. Also, insider Mike Powell bought 34 shares of the firm’s stock in a transaction on Monday, September 7th. The stock was purchased at an average price of GBX 844 per share, with a total value of £286.96. In the last ninety days, insiders purchased 175 shares of company stock worth $149,917. 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.