Mondi plc (LON:MNDI - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,190.13 ($16.03) and traded as high as GBX 1,193 ($16.07). Mondi shares last traded at GBX 1,188.68 ($16.01), with a volume of 480,421 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Citigroup lowered their price objective on shares of Mondi from GBX 1,600 ($21.55) to GBX 1,550 ($20.87) and set a "buy" rating for the company in a research report on Tuesday, February 25th.
Get Our Latest Research Report on MNDI
Mondi Stock Performance
The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00. The firm has a 50-day moving average price of GBX 1,169.87 and a 200 day moving average price of GBX 1,190.05. The firm has a market capitalization of £6.30 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68.
Insider Buying and Selling
In other Mondi news, insider Andrew King acquired 26 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of GBX 1,152 ($15.51) per share, for a total transaction of £299.52 ($403.34). In the last 90 days, insiders have bought 52 shares of company stock valued at $61,568. Corporate insiders own 1.36% of the company's stock.
About Mondi
(
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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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