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

Shares of Mondi plc (LON:MNDI) 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.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price objective on Mondi from GBX 840 to GBX 970 and gave the company a “neutral” rating in a research note on Friday, December 5th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,206.67.

Mondi Price Performance

The firm has a market capitalization of £4.22 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The business has a 50-day moving average of GBX 889.99 and a 200 day moving average of GBX 930.28. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00.

Insider Activity at Mondi

In other news, insider Andrew King purchased 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were bought at an average cost of GBX 826 per share, with a total value of £206,500. Insiders have bought a total of 25,068 shares of company stock valued at $20,709,704 in the last three months. Corporate insiders own 0.18% 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.