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

Mondi plc (LON:MNDI) shares hit a new 52-week low on Friday . The stock traded as low as GBX 772.20 and last traded at GBX 773.80, with a volume of 5031086 shares. The stock had previously closed at GBX 841.80.

Analysts Set New Price Targets

Several research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on Mondi from GBX 900 to GBX 990 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Citigroup cut their target price on Mondi from GBX 1,030 to GBX 1,000 and set a “buy” rating for the company in a research note on Monday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,130.

Mondi Trading Down 7.7%

The firm has a 50 day simple moving average of GBX 858.19 and a 200 day simple moving average of GBX 865.59. 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 firm has a market cap of £3.43 billion, a P/E ratio of 20.78, a P/E/G ratio of 0.76 and a beta of 0.65.

Insider Activity

In other Mondi news, insider Mike Powell sold 20,307 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of GBX 880, for a total value of £178,701.60. Also, insider Andrew King sold 34,403 shares of Mondi stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total value of £302,746.40. In the last 90 days, insiders acquired 140 shares of company stock valued at $120,472. 0.20% of the stock is owned by corporate 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.