Mondi (LON:MNDI) Shares Down 12.1% - Should You Sell?

Key Points

• Mondi plc shares dropped by 12.1% on Thursday, closing at GBX 1,027.50 ($13.57), with trading volume falling 18% below the average.
• Despite the recent decline, analysts from JPMorgan Chase and Citigroup have set price targets for Mondi at GBX 1,460 ($19.29) and GBX 1,550 ($20.48) respectively, indicating potential for future growth.
• Insider transactions show confidence, with two insiders purchasing shares at an average cost of GBX 1,186 ($15.67) recently, totaling £284.64 ($376.01) for each transaction.

Mondi plc (LON:MNDI - Get Free Report) shares dropped 12.1% during mid-day trading on Thursday . The company 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).

Analysts Set New Price Targets

MNDI has been the subject of a number of recent research reports. Citigroup lowered their target price on Mondi from GBX 1,650 ($21.93) to GBX 1,550 ($20.60) and set a "buy" rating for the company in a report on Friday. JPMorgan Chase & Co. upped their price target on Mondi from GBX 1,430 ($19.01) to GBX 1,460 ($19.40) and gave the company an "overweight" rating in a research report on Friday, July 18th.

Mondi Price Performance

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. The stock has a market cap of £5.55 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00.

Insider Transactions at Mondi

In other Mondi news, insider Andrew King bought 24 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were bought at an average price of GBX 1,186 ($15.76) per share, for a total transaction of £284.64 ($378.31). Also, insider Mike Powell bought 24 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were acquired at an average price of GBX 1,186 ($15.76) per share, for a total transaction of £284.64 ($378.31). Insiders acquired a total of 100 shares of company stock worth $118,496 in the last quarter. Corporate insiders own 1.36% of the company's stock.

About Mondi

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.