Mondi (LON:MNDI) Stock Price Down 12.1% - Here's Why

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% during mid-day trading 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 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 ($15.51).

Analyst Upgrades and Downgrades

MNDI has been the topic of several recent analyst reports. Citigroup dropped their target price on shares of Mondi from GBX 1,650 ($21.90) to GBX 1,550 ($20.57) and set a "buy" rating on the stock in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Mondi from GBX 1,430 ($18.98) to GBX 1,460 ($19.38) and gave the company an "overweight" rating in a report on Friday, July 18th.

Mondi Stock Up 1.1%

The firm's fifty day moving average price is GBX 1,185.44 and its two-hundred day moving average price is GBX 1,189.82. The stock has a market cap of £5.46 billion, a price-to-earnings ratio of 14.12, 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.

Insider Activity

In related news, insider Mike Powell acquired 24 shares of the company's stock in a transaction dated Monday, July 7th. The shares were purchased at an average price of GBX 1,186 ($15.74) per share, for a total transaction of £284.64 ($377.81). Also, insider Andrew King acquired 26 shares of the company's stock in a transaction dated Friday, May 9th. The shares were bought at an average price of GBX 1,152 ($15.29) per share, for a total transaction of £299.52 ($397.56). Insiders have bought 100 shares of company stock worth $118,496 in the last quarter. 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.