Mondi (LON:MNDI) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Mondi plc (LON:MNDI - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,189.69 ($16.20) and traded as high as GBX 1,201 ($16.35). Mondi shares last traded at GBX 1,185.50 ($16.14), with a volume of 1,116,697 shares traded.

Analysts Set New Price Targets

Separately, Citigroup decreased their target price on shares of Mondi from GBX 1,600 ($21.78) to GBX 1,550 ($21.10) and set a "buy" rating for the company in a research report on Tuesday, February 25th.

Mondi Trading Down 1.9%

The firm has a market cap of £6.11 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 0.76 and a beta of 0.68. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14. The business has a 50-day moving average of GBX 1,175.15 and a 200-day moving average of GBX 1,189.69.

Insider Transactions at Mondi

In other Mondi news, insider Andrew King purchased 26 shares of the stock in a transaction on Friday, May 9th. The shares were purchased at an average price of GBX 1,152 ($15.68) per share, with a total value of £299.52 ($407.73). Insiders have purchased a total of 52 shares of company stock worth $61,568 in the last 90 days. Corporate insiders own 1.36% 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.