Mondi (LON:MNDI) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Mondi shares rose above their 200-day moving average, reaching GBX 873.60 before last trading at GBX 862.60, compared with the average of GBX 806.62.
• Analyst views are mixed but lean positive: two firms rate the stock “Buy” and two rate it “Hold,” producing a “Moderate Buy” consensus and an average price target of GBX 937.50.
• Company insiders purchased 192 shares worth about $151,436 over the past quarter, though insider ownership remains low at 0.20%.

Shares of Mondi plc (LON:MNDI - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 806.62 and traded as high as GBX 873.60. Mondi shares last traded at GBX 862.60, with a volume of 691,377 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MNDI. JPMorgan Chase & Co. reduced their price objective on shares of Mondi from GBX 840 to GBX 800 and set a "neutral" rating for the company in a research report on Friday, July 31st. Citigroup lifted their target price on shares of Mondi from GBX 820 to GBX 1,040 and gave the stock a "buy" rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft boosted their target price on Mondi from GBX 760 to GBX 825 and gave the stock a "hold" rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group decreased their price target on Mondi from GBX 1,100 to GBX 1,085 and set a "buy" rating for the company in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Mondi has an average rating of "Moderate Buy" and an average price target of GBX 937.50.

Mondi Price Performance

The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 62.05. The stock has a market cap of £3.80 billion, a P/E ratio of -14.62, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61. The business's 50-day simple moving average is GBX 768.63 and its two-hundred day simple moving average is GBX 806.62.

Insider Buying and Selling

In related news, insider Andrew King bought 42 shares of the company's stock in a transaction on Tuesday, July 7th. The shares were purchased at an average price of GBX 710 per share, for a total transaction of £298.20. Also, insider Mike Powell purchased 42 shares of the business's stock in a transaction dated Tuesday, July 7th. The stock was bought at an average cost of GBX 710 per share, with a total value of £298.20. Insiders purchased a total of 192 shares of company stock valued at $151,436 over the last quarter. 0.20% 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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source