Mondi (LON:MNDI) Shares Cross Above 200-Day Moving Average – What’s Next?

Mondi plc (LON:MNDI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 877.29 and traded as high as GBX 878.60. Mondi shares last traded at GBX 860.41, with a volume of 950,708 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup cut their price target on shares of Mondi from GBX 1,250 to GBX 1,030 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. JPMorgan Chase & Co. increased their price target on shares of Mondi from GBX 900 to GBX 990 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Mondi currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,140.

Mondi Stock Performance

The stock’s 50 day moving average price is GBX 866.96 and its 200 day moving average price is GBX 877.29. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 64.04. The firm has a market cap of £3.78 billion, a PE ratio of 22.91, a P/E/G ratio of 0.76 and a beta of 0.65.

Insiders Place Their Bets

In other news, insider Mike Powell sold 20,307 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total value of £178,701.60. Also, insider Andrew King sold 34,403 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total transaction of £302,746.40. Company insiders own 0.20% 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.