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

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

Analyst Ratings Changes

MNDI has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 760 price target on shares of Mondi in a report on Monday, May 11th. JPMorgan Chase & Co. raised their target price on shares of Mondi from GBX 990 to GBX 1,040 and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Citigroup reduced their target price on shares of Mondi from GBX 1,000 to GBX 940 and set a “buy” rating for the company in a report on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Mondi has a consensus rating of “Moderate Buy” and an average target price of GBX 1,035.

Mondi Stock Down 1.7%

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

Insider Buying and Selling

In related news, insider Andrew King sold 34,403 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total transaction of £302,746.40. Also, insider Stephen G. Young purchased 5,000 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average price of GBX 749 per share, for a total transaction of £37,450. Over the last three months, insiders have acquired 5,178 shares of company stock worth $3,895,302. 0.20% of the stock is owned by 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.