Mondi (LON:MNDI) Shares Down 16% - What's Next?

Key Points

• Mondi plc shares fell by 16% on Tuesday, with trading prices dropping to GBX 859 ($11.58), compared to a previous close of GBX 1,047.52 ($14.12).
• Analysts from JPMorgan Chase and Citigroup have revised their target prices for Mondi, with estimates now at GBX 1,240 and GBX 1,550, respectively, while maintaining a "Buy" rating overall.
• Insider trading activity includes Philip Yea buying 5,000 shares at an average price of GBX 888, contributing to a total of over 5,000 shares purchased by insiders in the last three months.

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

Wall Street Analyst Weigh In

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

Mondi Price Performance

The firm has a market cap of £3.82 billion, a P/E ratio of 2,008.80, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The stock's 50-day moving average is GBX 1,039 and its 200-day moving average is GBX 1,120.91. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00.

Insider Buying and Selling

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

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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