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

Mondi plc (LON:MNDI)’s stock price 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. The stock had previously closed at GBX 826.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MNDI. 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 note on Friday, December 5th. Citigroup dropped their price objective on Mondi from GBX 1,250 to GBX 1,030 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,133.33.

Mondi Price Performance

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’s 50 day moving average price is GBX 882.15 and its 200-day moving average price is GBX 895.17. The company has a market cap of £3.58 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 0.76 and a beta of 0.69.

Insider Buying and Selling

In other Mondi news, insider Mike Powell purchased 36 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were purchased at an average price of GBX 861 per share, for a total transaction of £309.96. Also, insider Andrew King purchased 36 shares of the company’s stock in a transaction on Friday, March 6th. The stock was bought at an average cost of GBX 861 per share, for a total transaction of £309.96. Insiders have purchased 106 shares of company stock valued at $91,980 over the last 90 days. 0.20% of the stock is currently owned by insiders.

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.