Mondi (LON:MNDI) had its price target cut by Deutsche Bank from GBX 2,000 ($26.13) to GBX 1,950 ($25.48) in a research note published on Tuesday, Digital Look reports. They currently have a buy rating on the stock.
MNDI has been the subject of several other reports. Credit Suisse Group decreased their target price on shares of Mondi from GBX 2,000 ($26.13) to GBX 1,910 ($24.96) and set an outperform rating for the company in a research note on Monday. UBS Group decreased their target price on shares of Mondi from GBX 2,000 ($26.13) to GBX 1,850 ($24.17) and set a buy rating for the company in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Mondi from GBX 2,070 ($27.05) to GBX 2,000 ($26.13) and set an overweight rating for the company in a research note on Monday, August 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Mondi has an average rating of Buy and an average target price of GBX 1,935 ($25.28).
MNDI opened at GBX 1,621 ($21.18) on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.47 and a debt-to-equity ratio of 58.89. Mondi has a 52-week low of GBX 1,484 ($19.39) and a 52-week high of GBX 2,519.21 ($32.92). The company has a 50 day moving average of GBX 1,583.87 and a two-hundred day moving average of GBX 1,680.27. The company has a market cap of $7.87 billion and a P/E ratio of 10.02.
In other news, insider Peter Oswald bought 5,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of GBX 1,533 ($20.03) per share, for a total transaction of £76,650 ($100,156.80). Insiders bought 5,019 shares of company stock valued at $7,694,833 over the last 90 days.
Mondi Company Profile
Mondi plc manufactures and sells packaging and paper products in the United Kingdom, Africa, Europe, Russia, North America, South America, Asia, and Australia. The company offers flexible packaging, bags, and pouches; personal care components; release liners; technical films; corrugated packaging; industrial bags; barrier coatings; specialty Kraft paper; sack Kraft paper; containerboards; office and professional printing papers; and paper for sustainable and promotional events, as well as product training courses.
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