Mondi (LON:MNDI) Shares Down 16.8% - Should You Sell?

Key Points

• Mondi plc shares fell by 16.8% on Monday, trading as low as GBX 859 ($11.58), significantly below the previous close of GBX 1,047.52 ($14.12).
• Analysts have downgraded Mondi's price targets; Citigroup lowered its target to GBX 1,550, while JPMorgan Chase reduced it to GBX 1,240.
• Insider purchasing activity is notable, with Philip Yea acquiring 5,000 shares at GBX 888 each, indicating confidence amid the stock's decline.

Mondi plc (LON:MNDI - Get Free Report) traded down 16.8% during trading on Monday . The company traded as low as GBX 859 ($11.58) and last traded at GBX 871.58 ($11.75). 57,821,293 shares changed hands during trading, an increase of 843% from the average session volume of 6,134,147 shares. The stock had previously closed at GBX 1,047.52 ($14.12).

Analyst Upgrades and Downgrades

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

Mondi Price Performance

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

Insider Activity

In related news, insider Philip Yea acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The stock was purchased at an average cost of GBX 888 per share, with a total value of £44,400. Insiders have bought a total of 5,029 shares of company stock worth $4,470,769 in the last 90 days. Corporate insiders own 0.17% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.