Mondi (LON:MNDI) Reaches New 12-Month Low – Should You Sell?

Mondi plc (LON:MNDI) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 719 and last traded at GBX 719.40, with a volume of 4109648 shares trading hands. The stock had previously closed at GBX 731.40.

Wall Street Analyst Weigh In

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

Mondi Stock Down 2.1%

The business’s 50 day moving average is GBX 791.09 and its 200-day moving average is GBX 847. 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 £3.16 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 0.76 and a beta of 0.57.

Insider Transactions at Mondi

In related news, insider Mike Powell purchased 34 shares of Mondi stock in a transaction on Thursday, April 9th. The stock was purchased at an average cost of GBX 860 per share, with a total value of £292.40. Also, insider Andrew King purchased 34 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were purchased at an average price of GBX 860 per share, for a total transaction of £292.40. Over the last quarter, insiders have purchased 5,146 shares of company stock worth $3,863,430. 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.