Mondi (LON:MNDI) Shares Down 16% - Time to Sell?

Key Points

• Mondi plc's shares fell by 16%, trading down to GBX 859 ($11.58) from a previous close of GBX 1,047.52 ($14.12), with increased trading volume of approximately 7.9 million shares.
• Analysts have adjusted their outlook on Mondi, with Citigroup lowering its target price from GBX 1,650 to GBX 1,550 while JPMorgan Chase reduced its target from GBX 1,460 to GBX 1,240; the stock still holds a consensus "Buy" rating.
• Insider Philip Yea purchased 5,000 shares at an average cost of GBX 888, indicating confidence in the stock’s future despite recent declines.

Mondi plc (LON:MNDI - Get Free Report) was down 16% during trading on Monday . The stock traded as low as GBX 859 ($11.58) and last traded at GBX 879.60 ($11.86). Approximately 7,918,549 shares were traded during mid-day trading, an increase of 35% from the average daily volume of 5,875,584 shares. The stock had previously closed at GBX 1,047.52 ($14.12).

Wall Street Analyst Weigh In

MNDI has been the subject of several analyst reports. Citigroup reduced their target price on shares of Mondi from GBX 1,650 to GBX 1,550 and set a "buy" rating for the company in a report on Friday, August 1st. JPMorgan Chase & Co. cut their price objective on Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating for the company in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of GBX 1,395.

Mondi Stock Down 16.0%

The business has a fifty day moving average of GBX 1,039 and a 200-day moving average of GBX 1,120.91. The stock has a market cap of £3.87 billion, a PE ratio of 2,036.11, 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.

Insiders Place Their Bets

In other news, insider Philip Yea acquired 5,000 shares of the business's stock in a transaction dated Monday, October 6th. The shares were acquired at an average cost of GBX 888 per share, with a total value of £44,400. Insiders bought a total of 5,029 shares of company stock valued at $4,470,769 over the last three months. 0.17% of the stock is currently owned by company insiders.

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.

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