Mondi (LON:MNDI) Shares Pass Above Two Hundred Day Moving Average of $1,478.50

Mondi plc (LON:MNDIGet Rating) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,478.50 ($18.04) and traded as high as GBX 1,507.50 ($18.40). Mondi shares last traded at GBX 1,501 ($18.32), with a volume of 539,045 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target on Mondi from GBX 1,868 ($22.79) to GBX 1,760 ($21.48) and set an “overweight” rating on the stock in a research note on Thursday, November 3rd.

Mondi Stock Up 0.1 %

The stock’s fifty day moving average is GBX 1,490.99 and its two-hundred day moving average is GBX 1,478.50. The company has a debt-to-equity ratio of 34.60, a current ratio of 2.47 and a quick ratio of 1.14. The stock has a market capitalization of ¬£7.29 billion and a P/E ratio of 694.91.

About Mondi

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Mondi plc engages in the manufacture and sale of packaging and paper products in Africa, Western Europe, Emerging Europe, Russia, North America, South America, Asia, and Australia. It operates in Corrugated Packaging, Flexible Packaging, Engineered Materials, and Uncoated Fine Paper segments. The company offers flexible packaging, bags, and pouches; personal care components; release liners; functional films; corrugated solutions; industrial bags; barrier coatings; specialty Kraft and sack Kraft papers; containerboards; and office and professional printing papers.

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