Mondi (LON:MNDI) Price Target Cut to GBX 1,550 by Analysts at Citigroup

Mondi (LON:MNDI) had its target price decreased by Citigroup from GBX 1,600 ($20.17) to GBX 1,550 ($19.54) in a research note released on Tuesday morning, Marketbeat Ratings reports. Citigroup currently has a buy rating on the stock.

Mondi Stock Performance

LON MNDI opened at GBX 1,219.50 ($15.37) on Tuesday. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06. The company has a fifty day moving average of GBX 1,214.26 and a 200-day moving average of GBX 1,300. Mondi has a 52-week low of GBX 1,134.50 ($14.30) and a 52-week high of GBX 1,618 ($20.39). The company has a market capitalization of £6.41 billion, a P/E ratio of 16.58, a P/E/G ratio of 0.76 and a beta of 0.68.

Insider Activity

In related news, insider Andrew King purchased 26 shares of Mondi stock in a transaction that occurred on Wednesday, January 8th. The shares were bought at an average price of GBX 1,161 ($14.63) per share, for a total transaction of £301.86 ($380.46). In the last quarter, insiders purchased 50 shares of company stock valued at $59,838. Insiders own 1.36% of the company’s stock.

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.