Mondi (LON:MNDI) Trading Down 14.2% – Time to Sell?

Mondi plc (LON:MNDI)’s stock price traded down 14.2% during trading on Monday . The company traded as low as GBX 859 ($11.54) and last traded at GBX 898.60 ($12.07). 56,375,613 shares traded hands during trading, an increase of 820% from the average session volume of 6,126,657 shares. The stock had previously closed at GBX 1,047.52 ($14.07).

Analyst Ratings Changes

A number of research firms recently weighed in on MNDI. JPMorgan Chase & Co. decreased their target price on shares of Mondi from GBX 1,460 to GBX 1,240 and set an “overweight” rating for the company in a research report on Monday, August 11th. Citigroup decreased their target price on shares of Mondi from GBX 1,650 to GBX 1,550 and set a “buy” rating for the company in a research report on Friday, August 1st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 1,395.

Mondi Stock Down 14.4%

The firm’s 50-day moving average price is GBX 1,045.18 and its 200 day moving average price is GBX 1,123.22. The company has a market capitalization of £3.95 billion, a price-to-earnings ratio of 2,075.93, a PEG ratio of 0.76 and a beta of 0.68. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00.

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.