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

Mondi plc (LON:MNDI) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 801.60 and last traded at GBX 806, with a volume of 4312414 shares trading hands. The stock had previously closed at GBX 826.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MNDI shares. JPMorgan Chase & Co. increased their price target on Mondi from GBX 840 to GBX 970 and gave the company a “neutral” rating in a research report on Friday, December 5th. Citigroup reduced their price objective on shares of Mondi from GBX 1,250 to GBX 1,030 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mondi has an average rating of “Moderate Buy” and an average target price of GBX 1,133.33.

Mondi Stock Performance

The firm’s 50 day simple moving average is GBX 882.15 and its 200-day simple moving average is GBX 895.17. 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 company has a market capitalization of £3.58 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 0.76 and a beta of 0.69.

Insiders Place Their Bets

In related news, insider Mike Powell sold 20,307 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of GBX 880, for a total transaction of £178,701.60. Also, insider Andrew King sold 34,403 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of GBX 880, for a total value of £302,746.40. Insiders have bought 106 shares of company stock worth $91,980 in the last quarter. 0.20% of the stock is currently owned by corporate 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.