Mondi (LON:MNDI) Shares Pass Above 200-Day Moving Average – What’s Next?

Mondi plc (LON:MNDI) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 806.62 and traded as high as GBX 873.60. Mondi shares last traded at GBX 862.60, with a volume of 691,377 shares trading hands.

Analyst Ratings Changes

MNDI has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their price target on shares of Mondi from GBX 1,100 to GBX 1,085 and set a “buy” rating for the company in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mondi from GBX 760 to GBX 825 and gave the company a “hold” rating in a research report on Monday, August 3rd. Citigroup lifted their target price on shares of Mondi from GBX 820 to GBX 1,040 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating for the company in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 937.50.

Mondi Price Performance

The firm has a market capitalization of £3.78 billion, a PE ratio of -14.54, a PEG ratio of 0.76 and a beta of 0.61. The company has a debt-to-equity ratio of 62.05, a current ratio of 1.55 and a quick ratio of 1.14. The firm has a 50-day simple moving average of GBX 771.56 and a 200-day simple moving average of GBX 806.53.

Insider Activity

In other Mondi news, insider Andrew King acquired 34 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of GBX 907 per share, with a total value of £308.38. Also, insider Mike Powell bought 34 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of GBX 907 per share, with a total value of £308.38. Insiders have bought a total of 192 shares of company stock valued at $151,436 in the last ninety days. Insiders own 0.20% 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.