Mondi (LON:MNDI) Shares Down 15.2% - What's Next?

Key Points

• Mondi plc shares experienced a significant drop of 15.2%, trading as low as GBX 859 on Monday, amidst an increase in trading volume by 824% compared to its average.
• Analysts have revised their price targets for Mondi, with Citigroup lowering theirs to GBX 1,550 and JPMorgan Chase to GBX 1,240, while the average rating remains a "Buy" with a target of GBX 1,395.
• The company has a market capitalization of £3.87 billion and operates across multiple segments, including Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper.

Mondi plc (LON:MNDI - Get Free Report) shares dropped 15.2% during trading on Monday . The company traded as low as GBX 859 ($11.54) and last traded at GBX 887.80 ($11.92). Approximately 56,607,461 shares traded hands during trading, an increase of 824% from the average daily volume of 6,127,858 shares. The stock had previously closed at GBX 1,047.52 ($14.07).

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup cut their price objective on Mondi from GBX 1,650 to GBX 1,550 and set a "buy" rating on the stock in a research report on Friday, August 1st. JPMorgan Chase & Co. cut their price target on shares of Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating on the stock in a report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Mondi currently has an average rating of "Buy" and an average price target of GBX 1,395.

Mondi Trading Down 16.0%

The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00. The company has a market cap of £3.87 billion, a PE ratio of 2,036.11, a PEG ratio of 0.76 and a beta of 0.68. The stock has a 50 day moving average price of GBX 1,045.18 and a 200 day moving average price of GBX 1,123.22.

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.

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