Mondi plc (LON:MNDI - Get Free Report) fell 12.1% on Thursday . The stock 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).
Wall Street Analysts Forecast Growth
MNDI has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Mondi from GBX 1,430 ($18.89) to GBX 1,460 ($19.29) and gave the stock an "overweight" rating in a research note on Friday, July 18th. Citigroup decreased their price objective on shares of Mondi from GBX 1,650 ($21.80) to GBX 1,550 ($20.48) and set a "buy" rating for the company in a research note on Friday.
View Our Latest Report on Mondi
Mondi Stock Up 1.1%
The company has a market cap of £5.46 billion, a P/E 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 quick ratio of 1.14 and a current ratio of 2.06. The business's fifty day moving average is GBX 1,192.27 and its two-hundred day moving average is GBX 1,191.50.
Insider Buying and Selling
In other news, insider Mike Powell acquired 24 shares of Mondi stock in a transaction on Monday, July 7th. The shares were bought at an average cost of GBX 1,186 ($15.67) per share, for a total transaction of £284.64 ($376.01). Also, insider Andrew King bought 24 shares of the stock in a transaction on Monday, July 7th. The stock was purchased at an average price of GBX 1,186 ($15.67) per share, with a total value of £284.64 ($376.01). Insiders purchased 100 shares of company stock valued at $118,496 in the last quarter. 1.36% of the stock is owned by company insiders.
Mondi Company Profile
(
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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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