Mondi (LON:MNDI) Earns Buy Rating from Jefferies Financial Group

Mondi (LON:MNDI)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 1,080 price objective on the stock. Jefferies Financial Group’s price objective points to a potential upside of 46.50% from the stock’s previous close.

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

Mondi Trading Down 9.8%

Shares of LON:MNDI opened at GBX 737.20 on Thursday. 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 stock’s 50-day moving average is GBX 841.89 and its 200-day moving average is GBX 794.99. The company has a market cap of £3.25 billion, a P/E ratio of -12.49, a P/E/G ratio of 0.76 and a beta of 0.61. Mondi has a 52-week low of GBX 660 and a 52-week high of GBX 981.40.

Insider Transactions at Mondi

In other news, insider Mike Powell purchased 34 shares of the stock in a transaction that occurred on Monday, September 7th. The shares were purchased at an average cost of GBX 844 per share, for a total transaction of £286.96. Also, insider Andrew King acquired 34 shares of the stock in a transaction dated Monday, September 7th. The shares were purchased at an average price of GBX 844 per share, for a total transaction of £286.96. Over the last three months, insiders have purchased 175 shares of company stock worth $149,917. 0.20% of the stock is 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.