Mondi (LON:MNDI) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

Mondi (LON:MNDI)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a report issued on Thursday, October 15th, Digital Look reports. They presently have a GBX 1,080 price target on the stock. Jefferies Financial Group‘s target price would indicate a potential upside of 44.69% from the company’s current price.

MNDI has been the topic of a number of other reports. Citigroup raised their price target 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. 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. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Mondi from GBX 760 to GBX 825 and gave the stock a “hold” rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 936.25.

Mondi Stock Down 0.2%

LON MNDI traded down GBX 1.80 during trading hours on Thursday, reaching GBX 746.40. 710,641 shares of the company traded hands, compared to its average volume of 9,359,278. The stock has a market capitalization of £3.29 billion, a PE ratio of -12.65, a PEG ratio of 0.76 and a beta of 0.61. Mondi has a 12 month low of GBX 660 and a 12 month high of GBX 981.40. The company has a 50 day moving average of GBX 826.21 and a two-hundred day moving average of GBX 791.60. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 62.05.

Insider Buying and Selling at Mondi

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