Shares of Mondi plc (LON:MNDI - Get Free Report) dropped 12.1% on Thursday . The company 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 traded 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).
Analysts Set New Price Targets
A number of analysts have commented on the company. Citigroup decreased 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 report on Friday. JPMorgan Chase & Co. boosted their price objective on Mondi from GBX 1,430 ($18.99) to GBX 1,460 ($19.39) and gave the stock an "overweight" rating in a report on Friday, July 18th.
Check Out Our Latest Stock Report on MNDI
Mondi Trading Down 0.1%
The company has a market capitalization of £5.45 billion, a P/E ratio of 14.11, 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. The firm has a fifty day moving average price of GBX 1,185.44 and a 200-day moving average price of GBX 1,189.91.
Insider Activity at Mondi
In other Mondi news, insider Andrew King bought 26 shares of Mondi stock in a transaction dated Friday, May 9th. The stock was bought at an average cost of GBX 1,152 ($15.30) per share, with a total value of £299.52 ($397.72). Also, insider Mike Powell bought 24 shares of Mondi stock in a transaction dated Monday, July 7th. The stock was acquired at an average cost of GBX 1,186 ($15.75) per share, with a total value of £284.64 ($377.96). Over the last ninety days, insiders bought 100 shares of company stock valued at $118,496. 1.36% of the stock is currently owned by corporate insiders.
About Mondi
(
Get Free Report)
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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