Mondi (LON:MNDI) Hits New 52-Week Low - Should You Sell?

Key Points

• Mondi plc's shares hit a new 52-week low, trading at GBX 822.60 ($10.97) before slightly recovering to GBX 833.64 ($11.12) with significant trading volume.
• Analysts from firms like Jefferies and Citigroup have lowered their price targets for the stock, with the consensus rating remaining at "Buy" and an average target price of GBX 1,296.67.
• Insiders have been buying shares in the company, indicating confidence, with notable purchases made at an average price around GBX 873-876 per share.

Shares of Mondi plc (LON:MNDI - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as GBX 822.60 ($10.97) and last traded at GBX 833.64 ($11.12), with a volume of 2518699 shares traded. The stock had previously closed at GBX 825.19 ($11.01).

Analyst Ratings Changes

Several research firms recently weighed in on MNDI. Jefferies Financial Group decreased their target price on Mondi from GBX 1,700 to GBX 1,400 and set a "buy" rating for the company in a research note on Wednesday, October 8th. Citigroup cut their price target on Mondi from GBX 1,530 to GBX 1,250 and set a "buy" rating on the stock in a research report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. cut their price target on Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating on the stock in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of GBX 1,296.67.

Mondi Stock Performance

The company has a market cap of £3.72 billion, a price-to-earnings ratio of 1,955.56, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The firm has a 50-day simple moving average of GBX 1,014.05 and a 200 day simple moving average of GBX 1,108.35. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00.

Insiders Place Their Bets

In related news, insider Sucheta Govil bought 625 shares of the company's stock in a transaction dated Tuesday, October 7th. The shares were acquired at an average price of GBX 873 per share, with a total value of £5,456.25. Also, insider Svein Richard Brandtzaeg bought 1,000 shares of the company's stock in a transaction dated Tuesday, October 7th. The stock was bought at an average cost of GBX 876 per share, for a total transaction of £8,760. In the last 90 days, insiders have acquired 17,831 shares of company stock valued at $15,655,279. 0.17% of the stock is owned by company insiders.

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.

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