Mondi plc (LON:MNDI - Get Free Report) shares were down 12.1% on Friday after Citigroup lowered their price target on the stock from GBX 1,650 to GBX 1,550. Citigroup currently has a buy rating on the stock. Mondi traded as low as GBX 1,027.50 ($13.66) and last traded at GBX 1,027.50 ($13.66). Approximately 4,917,192 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 6,007,496 shares. The stock had previously closed at GBX 1,168.50 ($15.53).
Separately, JPMorgan Chase & Co. boosted their price objective on shares of Mondi from GBX 1,430 ($19.01) to GBX 1,460 ($19.40) and gave the stock an "overweight" rating in a report on Friday, July 18th.
Get Our Latest Analysis on MNDI
Insiders Place Their Bets
In other Mondi news, insider Mike Powell acquired 24 shares of the company's stock in a transaction dated Monday, July 7th. The stock was bought at an average price of GBX 1,186 ($15.76) per share, for a total transaction of £284.64 ($378.31). Also, insider Andrew King bought 26 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were acquired at an average price of GBX 1,152 ($15.31) per share, for a total transaction of £299.52 ($398.09). Insiders purchased 100 shares of company stock valued at $118,496 over the last 90 days. 1.36% of the stock is currently owned by corporate insiders.
Mondi Trading Up 2.0%
The company has a market cap of £5.55 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth 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 simple moving average of GBX 1,182.43 and a 200 day simple moving average of GBX 1,188.82.
Mondi Company Profile
(
Get Free Report)
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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