Mondi (LON:MNDI) Stock Price Down 12.1% - What's Next?

Key Points

• Mondi plc shares fell 12.1% on Thursday, dropping to GBX 1,027.50 ($13.62), with trading volume down 18% from the average.
• Analyst ratings from JPMorgan Chase & Co. upgraded Mondi's price target from GBX 1,430 ($18.96) to GBX 1,460 ($19.36), maintaining an "overweight" rating.
• Insider transactions included two executives purchasing 24 shares each at an average price of GBX 1,186 ($15.73) per share, totaling a recent insider acquisition of shares worth $118,496.

Shares of Mondi plc (LON:MNDI - Get Free Report) dropped 12.1% on Thursday . The stock traded as low as GBX 1,027.50 ($13.64) and last traded at GBX 1,027.50 ($13.64). Approximately 4,917,192 shares changed hands during 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 ($15.52).

Wall Street Analyst Weigh In

MNDI has been the subject of several recent analyst reports. Citigroup dropped their price objective on Mondi from GBX 1,650 ($21.91) to GBX 1,550 ($20.58) and set a "buy" rating for the company in a research report on Friday. JPMorgan Chase & Co. increased their target price on Mondi from GBX 1,430 ($18.99) to GBX 1,460 ($19.39) and gave the company an "overweight" rating in a research report on Friday, July 18th.

Mondi Stock Performance

The company has a market capitalization of £5.45 billion, a P/E ratio of 14.10, a PEG 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 company has a fifty day moving average price of GBX 1,185.44 and a two-hundred day moving average price of GBX 1,189.91.

Insider Activity

In related news, insider Andrew King purchased 24 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was bought at an average price of GBX 1,186 ($15.75) per share, with a total value of £284.64 ($377.96). Also, insider Mike Powell purchased 24 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was bought at an average cost of GBX 1,186 ($15.75) per share, with a total value of £284.64 ($377.96). Over the last 90 days, insiders have bought 100 shares of company stock worth $118,496. Company 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.