Citigroup Has Lowered Expectations for Mondi (LON:MNDI) Stock Price

Mondi (LON:MNDI) had its price target lowered by investment analysts at Citigroup from GBX 1,600 ($20.29) to GBX 1,550 ($19.66) in a research report issued on Tuesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 24.35% from the company’s current price.

Mondi Trading Up 1.5 %

MNDI opened at GBX 1,246.50 ($15.81) on Tuesday. The firm’s 50 day moving average is GBX 1,213.11 and its 200-day moving average is GBX 1,302.09. Mondi has a 52-week low of GBX 1,134.50 ($14.39) and a 52-week high of GBX 1,618 ($20.52). 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 market capitalization of £6.55 billion, a P/E ratio of 16.95, a P/E/G ratio of 0.76 and a beta of 0.68.

Insider Buying and Selling at Mondi

In related news, insider Andrew King purchased 26 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was acquired at an average price of GBX 1,161 ($14.72) per share, for a total transaction of £301.86 ($382.83). Insiders bought a total of 50 shares of company stock valued at $59,838 in the last ninety days. Insiders own 1.36% of the company’s stock.

About Mondi

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.