Citigroup Cuts Mondi (LON:MNDI) Price Target to GBX 1,550

Mondi (LON:MNDI) had its price target reduced by Citigroup from GBX 1,600 ($20.17) to GBX 1,550 ($19.54) in a research note published on Tuesday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Mondi Price Performance

Shares of LON MNDI opened at GBX 1,219.50 ($15.37) on Tuesday. The company has a market capitalization of £6.41 billion, a PE ratio of 16.58, a P/E/G ratio of 0.76 and a beta of 0.68. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00. The firm has a fifty day simple moving average of GBX 1,214.26 and a 200 day simple moving average of GBX 1,300. Mondi has a twelve month low of GBX 1,134.50 ($14.30) and a twelve month high of GBX 1,618 ($20.39).

Insider Transactions at Mondi

In other news, insider Andrew King bought 26 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was acquired at an average cost of GBX 1,161 ($14.63) per share, with a total value of £301.86 ($380.46). Insiders purchased a total of 50 shares of company stock valued at $59,838 in the last quarter. 1.36% 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.