Mondi (LON:MNDI) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Mondi plc (LON:MNDI) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 952.56 and traded as low as GBX 881.09. Mondi shares last traded at GBX 891, with a volume of 1,709,492 shares traded.

Analyst Ratings Changes

Several research firms have recently issued reports on MNDI. JPMorgan Chase & Co. raised their target price on shares of Mondi from GBX 840 to GBX 970 and gave the stock a “neutral” rating in a report on Friday, December 5th. Citigroup reduced their price objective on shares of Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Finally, Jefferies Financial Group dropped their target price on Mondi from GBX 1,700 to GBX 1,400 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,206.67.

Mondi Price Performance

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 firm has a fifty day simple moving average of GBX 881 and a 200 day simple moving average of GBX 952.56. The company has a market capitalization of £3.92 billion, a PE ratio of 20.59, a P/E/G ratio of 0.76 and a beta of 0.68.

Insider Activity at Mondi

In other Mondi news, insider Andrew King purchased 25,000 shares of Mondi stock in a transaction dated Thursday, November 20th. The stock was acquired at an average price of GBX 826 per share, for a total transaction of £206,500. Insiders acquired a total of 25,104 shares of company stock worth $20,739,044 in the last 90 days. Company insiders own 0.18% 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. The Corrugated Packaging segment provides virgin and recycled containerboards for fresh fruit packaging and heavy and fragile goods transport packaging applications; and corrugated solutions, such as corrugated boxes and packaging products.