Mondi (LON:MNDI) Shares Pass Below 200-Day Moving Average – Time to Sell?

Mondi plc (LON:MNDI)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 853.09 and traded as low as GBX 740. Mondi shares last traded at GBX 752.90, with a volume of 1,296,488 shares.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MNDI. JPMorgan Chase & Co. raised their price target on Mondi from GBX 990 to GBX 1,040 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 760 price target on shares of Mondi in a research report on Monday, May 11th. Finally, Citigroup reduced their price target on Mondi from GBX 1,000 to GBX 940 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,035.

Mondi Price Performance

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 capitalization of £3.38 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 0.76 and a beta of 0.56. The company has a 50-day moving average price of GBX 807.22 and a 200-day moving average price of GBX 853.09.

Insider Transactions at Mondi

In other Mondi news, insider Mike Powell sold 20,307 shares of the business’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 the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of GBX 880, for a total value of £302,746.40. Insiders have purchased 5,178 shares of company stock worth $3,895,302 in the last three months. Insiders own 0.20% of the company’s stock.

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. 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.