Mondi (LON:MNDI) Hits New 12-Month Low on Analyst Downgrade

Key Points

• Mondi plc's stock price fell to a new 52-week low of GBX 837.20 following a downgrade from Citigroup, which revised its price target from GBX 1,530 to GBX 1,250.
• Despite the downgrade, Mondi currently holds a buy rating from Citigroup and an "overweight" rating from JPMorgan, with a consensus target price of GBX 1,245.
• Insider purchases reported on October 7th show increased confidence, with insiders acquiring a total of 16,654 shares of the company in recent transactions.

Mondi plc (LON:MNDI - Get Free Report)'s stock price reached a new 52-week low on Wednesday after Citigroup lowered their price target on the stock from GBX 1,530 to GBX 1,250. Citigroup currently has a buy rating on the stock. Mondi traded as low as GBX 837.20 ($11.24) and last traded at GBX 837.20 ($11.24), with a volume of 4597452 shares changing hands. The stock had previously closed at GBX 879.60 ($11.81).

Separately, JPMorgan Chase & Co. lowered their price target on 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Mondi presently has an average rating of "Buy" and a consensus target price of GBX 1,245.

Insider Transactions at Mondi

In other news, insider Sucheta Govil bought 625 shares of the stock in a transaction on Tuesday, October 7th. The stock was acquired at an average price of GBX 873 per share, with a total value of £5,456.25. Also, insider Mike Powell bought 10,000 shares of the stock in a transaction on Tuesday, October 7th. The stock was purchased at an average cost of GBX 874 per share, with a total value of £87,400. Insiders acquired 16,654 shares of company stock worth $14,632,394 in the last 90 days. 0.17% of the stock is currently owned by company insiders.

Mondi Trading Down 4.8%

The company has a market cap of £3.69 billion, a price-to-earnings ratio of 1,937.96, a PEG ratio of 0.76 and a beta of 0.68. The firm has a 50 day moving average price of GBX 1,032.39 and a two-hundred day moving average price of GBX 1,118.94. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00.

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.

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