Mondi (LON:MNDI) Reaches New 1-Year Low – Time to Sell?

Mondi plc (LON:MNDI)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as GBX 726.80 and last traded at GBX 729.20, with a volume of 17963961 shares trading hands. The stock had previously closed at GBX 745.

Analyst Ratings Changes

Several research firms have weighed in on MNDI. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 760 target price on shares of Mondi in a report on Monday, May 11th. Citigroup decreased their target price on shares of Mondi from GBX 1,000 to GBX 940 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Mondi from GBX 990 to GBX 1,040 and gave the company a “neutral” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,035.

Mondi Stock Down 1.7%

The business’s 50 day moving average price is GBX 819.18 and its 200-day moving average price is GBX 857.75. The firm has a market capitalization of £3.23 billion, a PE ratio of 19.58, a P/E/G ratio of 0.76 and a beta of 0.56. The company has a debt-to-equity ratio of 64.04, a quick ratio of 1.14 and a current ratio of 1.53.

Insider Activity

In related news, insider Andrew King purchased 34 shares of Mondi stock in a transaction dated Thursday, April 9th. The shares were acquired at an average cost of GBX 860 per share, with a total value of £292.40. Also, insider Stephen G. Young purchased 5,000 shares of Mondi stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of GBX 749 per share, for a total transaction of £37,450. In the last three months, insiders have purchased 5,178 shares of company stock valued at $3,895,302. Company 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.