Mondi (LON:MNDI) Shares Pass Above 200-Day Moving Average of $1,445.20

Mondi plc (LON:MNDIGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,445.20 ($18.46) and traded as high as GBX 1,600 ($20.43). Mondi shares last traded at GBX 1,598 ($20.41), with a volume of 1,403,315 shares.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Mondi from GBX 1,650 ($21.07) to GBX 1,700 ($21.71) and gave the company a “buy” rating in a report on Tuesday, May 7th. Citigroup reaffirmed a “neutral” rating and set a GBX 1,700 ($21.71) price objective on shares of Mondi in a report on Monday, May 13th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 1,601.25 ($20.45).

Check Out Our Latest Research Report on MNDI

Mondi Trading Down 0.1 %

The company’s 50 day moving average price is GBX 1,480.34 and its two-hundred day moving average price is GBX 1,445.20. The company has a debt-to-equity ratio of 33.19, a current ratio of 2.09 and a quick ratio of 1.14. The stock has a market capitalization of £7.04 billion, a PE ratio of 1,647.42, a P/E/G ratio of 0.76 and a beta of 0.71.

Insider Transactions at Mondi

In other news, insider Philip Yea acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of GBX 1,545 ($19.73) per share, for a total transaction of £77,250 ($98,659.00). In other news, insider Philip Yea acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of GBX 1,545 ($19.73) per share, for a total transaction of £77,250 ($98,659.00). Also, insider Andrew King acquired 20 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were purchased at an average price of GBX 1,395 ($17.82) per share, with a total value of £279 ($356.32). Over the last three months, insiders have acquired 5,030 shares of company stock valued at $7,768,530. Corporate insiders own 1.36% of the company’s stock.

About Mondi

(Get Free Report)

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.

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