Mondi (LON:MNDI) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Mondi plc (LON:MNDI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,190.51 ($15.98) and traded as high as GBX 1,231 ($16.52). Mondi shares last traded at GBX 1,213.52 ($16.29), with a volume of 787,674 shares traded.

Analysts Set New Price Targets

Separately, Citigroup decreased their price objective on shares of Mondi from GBX 1,600 ($21.48) to GBX 1,550 ($20.81) and set a “buy” rating for the company in a report on Tuesday, February 25th.

Mondi Price Performance

The business’s fifty day moving average is GBX 1,144.84 and its 200-day moving average is GBX 1,190.51. 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 firm has a market cap of £6.38 billion, a PE ratio of 16.51, a P/E/G ratio of 0.76 and a beta of 0.68.

Insiders Place Their Bets

In other Mondi news, insider Andrew King bought 26 shares of the business’s stock in a transaction on Friday, May 9th. The stock was purchased at an average price of GBX 1,152 ($15.46) per share, for a total transaction of £299.52 ($402.04). Company insiders own 1.36% 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.