Shares of Mondi plc (LON:MNDI - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,190.51 ($16.15) and traded as high as GBX 1,231 ($16.70). Mondi shares last traded at GBX 1,213.52 ($16.47), with a volume of 787,674 shares traded.
Analyst Upgrades and Downgrades
Separately, Citigroup lowered their price objective on shares of Mondi from GBX 1,600 ($21.71) to GBX 1,550 ($21.03) and set a "buy" rating for the company in a research report on Tuesday, February 25th.
Check Out Our Latest Report on Mondi
Mondi Stock Performance
The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00. The company's 50-day simple moving average is GBX 1,142.38 and its 200-day simple moving average is GBX 1,189.27. The stock has a market capitalization of £6.30 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.76 and a beta of 0.68.
Insider Buying and Selling at Mondi
In other Mondi news, insider Andrew King sold 35,509 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of GBX 1,222 ($16.58), for a total transaction of £433,919.98 ($588,765.24). Corporate insiders own 1.36% of the company's stock.
About Mondi
(
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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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