Mondi (LON:MNDI) Price Target Raised to GBX 1,700 at Royal Bank of Canada

Mondi (LON:MNDI) had its price objective hoisted by investment analysts at Royal Bank of Canada from GBX 1,650 ($20.73) to GBX 1,700 ($21.36) in a note issued to investors on Tuesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 9.01% from the company’s previous close.

Mondi Price Performance

Shares of LON:MNDI traded down GBX 4 ($0.05) on Tuesday, hitting GBX 1,559.50 ($19.59). The stock had a trading volume of 11,542,334 shares, compared to its average volume of 2,047,266. The company has a market capitalization of £6.88 billion, a price-to-earnings ratio of 1,613.40, a price-to-earnings-growth ratio of 0.76 and a beta of 0.73. The firm’s 50 day moving average price is GBX 1,414.11 and its 200-day moving average price is GBX 1,416.93. The company has a debt-to-equity ratio of 33.19, a quick ratio of 1.14 and a current ratio of 2.09. Mondi has a twelve month low of GBX 1,290.95 ($16.22) and a twelve month high of GBX 1,719.85 ($21.61).

Insider Transactions at Mondi

In related news, insider Philip Yea acquired 5,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were bought at an average cost of GBX 1,545 ($19.41) per share, with a total value of £77,250 ($97,047.74). In related news, insider Andrew King bought 20 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were purchased at an average cost of GBX 1,395 ($17.53) per share, with a total value of £279 ($350.50). Also, insider Philip Yea bought 5,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of GBX 1,545 ($19.41) per share, with a total value of £77,250 ($97,047.74). 1.38% of the stock is owned by 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.