Mondi (LON:MNDI) Trading Down 11.1% – Time to Sell?

Mondi plc (LON:MNDI)’s share price dropped 11.1% during trading on Saturday . The stock traded as low as GBX 748.20 and last traded at GBX 748.20. Approximately 2,799,352 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 11,247,504 shares. The stock had previously closed at GBX 841.80.

Analyst Upgrades and Downgrades

MNDI has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Mondi from GBX 900 to GBX 990 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Citigroup lowered their price objective on Mondi from GBX 1,030 to GBX 1,000 and set a “buy” rating on the stock in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 1,130.

Mondi Price Performance

The company has a debt-to-equity ratio of 64.04, a current ratio of 1.53 and a quick ratio of 1.14. The company has a market capitalization of £3.30 billion, a PE ratio of 20.01, a P/E/G ratio of 0.76 and a beta of 0.65. The business has a 50-day moving average of GBX 854.19 and a 200 day moving average of GBX 864.99.

Insider Transactions at Mondi

In other news, insider Andrew King bought 34 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The shares were bought at an average cost of GBX 860 per share, for a total transaction of £292.40. Also, insider Mike Powell acquired 34 shares of the firm’s stock in a transaction on Thursday, April 9th. The shares were bought at an average price of GBX 860 per share, for a total transaction of £292.40. Insiders purchased 140 shares of company stock worth $120,472 over the last quarter. 0.20% of the stock is owned by company insiders.

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.