Mondi (LON:MNDI) Shares Down 16% – Should You Sell?

Mondi plc (LON:MNDI)’s share price dropped 16% on Monday . The company traded as low as GBX 859 ($11.58) and last traded at GBX 879.60 ($11.86). Approximately 7,918,549 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 5,875,584 shares. The stock had previously closed at GBX 1,047.52 ($14.12).

Wall Street Analyst Weigh In

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

Mondi Stock Down 1.1%

The business’s fifty day simple moving average is GBX 1,039 and its 200 day simple moving average is GBX 1,120.91. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00. The stock has a market cap of £3.83 billion, a price-to-earnings ratio of 2,013.43, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68.

Insider Buying and Selling

In other Mondi news, insider Philip Yea bought 5,000 shares of the stock in a transaction on Monday, October 6th. The stock was purchased at an average price of GBX 888 per share, with a total value of £44,400. Over the last three months, insiders have acquired 5,029 shares of company stock worth $4,470,769. 0.17% 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.