Mondi (LON:MNDI) Hits New 12-Month Low – Here’s What Happened

Mondi plc (LON:MNDI)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 772.20 and last traded at GBX 773.80, with a volume of 5031086 shares traded. The stock had previously closed at GBX 841.80.

Analyst Upgrades and Downgrades

MNDI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Mondi from GBX 900 to GBX 990 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Citigroup dropped their target price on shares of Mondi from GBX 1,030 to GBX 1,000 and set a “buy” rating for the company in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Mondi currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,130.

Mondi Stock Down 11.1%

The business’s 50-day moving average is GBX 854.19 and its 200-day moving average is GBX 864.87. The company has a debt-to-equity ratio of 64.04, a quick ratio of 1.14 and a current ratio of 1.53. The firm has a market cap of £3.30 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 0.76 and a beta of 0.65.

Insider Transactions at Mondi

In related news, insider Mike Powell acquired 34 shares of the firm’s stock in a transaction on Thursday, April 9th. The shares were purchased at an average price of GBX 860 per share, with a total value of £292.40. Also, insider Andrew King acquired 34 shares of the firm’s stock in a transaction on Thursday, April 9th. The shares were bought at an average cost of GBX 860 per share, for a total transaction of £292.40. In the last three months, insiders have acquired 140 shares of company stock worth $120,472. Insiders own 0.20% of the company’s stock.

About Mondi

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.