Mondi (LON:MNDI) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Mondi plc (LON:MNDI)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 930.28 and traded as high as GBX 955.80. Mondi shares last traded at GBX 952, with a volume of 7,718,749 shares.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their target price on Mondi from GBX 840 to GBX 970 and gave the company a “neutral” rating in a report on Friday, December 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mondi presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,206.67.

Mondi Price Performance

The firm has a market cap of £4.22 billion, a PE ratio of 22.16, a P/E/G ratio of 0.76 and a beta of 0.68. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14. The business’s fifty day moving average is GBX 889.99 and its 200-day moving average is GBX 930.28.

Insider Activity

In related news, insider Andrew King purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was bought at an average price of GBX 826 per share, for a total transaction of £206,500. In the last ninety days, insiders have purchased 25,068 shares of company stock worth $20,709,704. Company insiders own 0.18% 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.