Mondi (LON:MNDI) Shares Down 12.1% Following Analyst Downgrade

Key Points

• Mondi plc shares dropped 12.1% after Citigroup revised its price target from GBX 1,650 to GBX 1,550 while maintaining a buy rating.
• JPMorgan Chase & Co. increased their price target for Mondi from GBX 1,430 to GBX 1,460 and rated the company as "overweight."
• Insiders purchased a total of 100 shares in the last ninety days, indicating confidence in the company, which has corporate insider ownership of 1.36%.

Mondi plc (LON:MNDI - Get Free Report) shares traded 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 ($13.57) and last traded at GBX 1,027.50 ($13.57). 4,917,192 shares traded hands during trading, a decline of 18% from the average session volume of 6,007,496 shares. The stock had previously closed at GBX 1,168.50 ($15.44).

Separately, JPMorgan Chase & Co. lifted their price target on shares of Mondi from GBX 1,430 ($18.89) to GBX 1,460 ($19.29) and gave the company an "overweight" rating in a research report on Friday, July 18th.

Insider Buying and Selling at Mondi

In related news, insider Mike Powell bought 24 shares of the firm's stock in a transaction on Monday, July 7th. The shares were bought at an average price of GBX 1,186 ($15.67) per share, with a total value of £284.64 ($376.01). Also, insider Andrew King purchased 26 shares of the company's stock in a transaction on Friday, May 9th. The shares were bought at an average price of GBX 1,152 ($15.22) per share, with a total value of £299.52 ($395.67). In the last ninety days, insiders bought 100 shares of company stock worth $118,496. Corporate insiders own 1.36% of the company's stock.

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 stock has a market capitalization of £5.47 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The firm's fifty day moving average price is GBX 1,192.27 and its 200 day moving average price is GBX 1,191.50.

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.

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