Mondi plc (LON:MNDI - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,192.07 ($16.00) and traded as high as GBX 1,206 ($16.19). Mondi shares last traded at GBX 1,186.50 ($15.93), with a volume of 656,432 shares changing hands.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. raised their target price on shares of Mondi from GBX 1,430 ($19.19) to GBX 1,460 ($19.60) and gave the stock an "overweight" rating in a research note on Friday.
View Our Latest Stock Report on Mondi
Mondi Trading Down 2.0%
The company has a market capitalization of £6.01 billion, a PE ratio of 15.56, a P/E/G ratio of 0.76 and a beta of 0.68. The firm's 50 day simple moving average is GBX 1,198.47 and its 200-day simple moving average is GBX 1,191.63. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00.
Insider Activity
In related news, insider Mike Powell bought 24 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was purchased at an average price of GBX 1,186 ($15.92) per share, for a total transaction of £284.64 ($382.07). Also, insider Andrew King acquired 26 shares of Mondi stock in a transaction dated Friday, May 9th. The shares were acquired at an average price of GBX 1,152 ($15.46) per share, with a total value of £299.52 ($402.04). Insiders have bought 100 shares of company stock valued at $118,496 in the last 90 days. 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.
Further Reading
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