Mondi (LON:MNDI) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Mondi plc (LON:MNDI) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 833.34 and traded as low as GBX 702.60. Mondi shares last traded at GBX 702.60, with a volume of 1,331,386 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MNDI shares. JPMorgan Chase & Co. raised their target price on Mondi from GBX 990 to GBX 1,040 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Citigroup cut their price target on Mondi from GBX 1,000 to GBX 940 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 760 price objective on shares of Mondi in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,035.

Mondi Trading Down 0.5%

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 firm’s 50-day simple moving average is GBX 745.94 and its 200 day simple moving average is GBX 830.69. The firm has a market cap of £3.00 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 0.76 and a beta of 0.57.

Insider Transactions at Mondi

In other Mondi news, insider Stephen G. Young acquired 5,000 shares of Mondi stock in a transaction that occurred on Monday, April 27th. The stock was acquired at an average cost of GBX 749 per share, for a total transaction of £37,450. Also, insider Mike Powell acquired 34 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The shares were bought at an average price of GBX 860 per share, for a total transaction of £292.40. In the last 90 days, insiders bought 5,146 shares of company stock worth $3,863,430. 0.20% of the stock is owned by company 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.