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

Mondi plc (LON:MNDI) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 686 and last traded at GBX 699.60, with a volume of 3238115 shares. The stock had previously closed at GBX 702.60.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Citigroup lowered their price target 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. JPMorgan Chase & Co. raised their price objective on shares of Mondi from GBX 990 to GBX 1,040 and gave the company a “neutral” rating in a research report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 760 price objective on shares of Mondi in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,035.

Mondi Stock Performance

The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 60.89. The business has a 50 day moving average price of GBX 753.08 and a two-hundred day moving average price of GBX 833.34. The stock has a market cap of £3.07 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 0.76 and a beta of 0.57.

Insider Buying and Selling

In other Mondi news, insider Andrew King purchased 34 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was acquired at an average cost of GBX 860 per share, for a total transaction of £292.40. Also, insider Mike Powell purchased 34 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was acquired at an average price of GBX 860 per share, with a total value of £292.40. In the last three months, insiders have acquired 5,146 shares of company stock valued at $3,863,430. Corporate 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.