Mondi (LON:MNDI) Stock Price Down 11.1% - Here's What Happened

Key Points

• Mondi shares fell 11.1% to GBX 748.20 on Saturday, with 2.8 million shares traded (a 75% drop vs. average) from the prior close of GBX 841.80.
• Analysts maintain a consensus of “Moderate Buy” with a target price of GBX 1,130 (two Buys, one Hold); JPMorgan raised its target to GBX 990 (neutral) while Citigroup cut its target to GBX 1,000 (buy).
• Insider activity shows notable selling (Mike Powell 20,307 shares and Andrew King 34,403 shares sold at GBX 880), insiders own 0.20%, and the stock sits below its 50‑day (GBX 854.19) and 200‑day (GBX 864.68) moving averages; market cap £3.30bn, P/E 20.01, debt‑to‑equity 64.04.

Mondi plc (LON:MNDI - Get Free Report)'s share price traded down 11.1% on Saturday . The stock traded as low as GBX 748.20 and last traded at GBX 748.20. 2,799,352 shares were traded during trading, a decline of 75% from the average session volume of 11,247,504 shares. The stock had previously closed at GBX 841.80.

Analyst Ratings Changes

MNDI has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on Mondi from GBX 900 to GBX 990 and gave the company a "neutral" rating in a report on Thursday, April 2nd. Citigroup decreased their target price on Mondi from GBX 1,030 to GBX 1,000 and set a "buy" rating for the company in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 1,130.

Mondi Trading Down 11.1%

The company has a debt-to-equity ratio of 64.04, a quick ratio of 1.14 and a current ratio of 1.53. The company has a market capitalization of £3.30 billion, a P/E ratio of 20.01, a PEG ratio of 0.76 and a beta of 0.65. The company's fifty day simple moving average is GBX 854.19 and its 200-day simple moving average is GBX 864.68.

Insider Buying and Selling

In other news, insider Mike Powell sold 20,307 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total transaction of £178,701.60. Also, insider Andrew King sold 34,403 shares of Mondi stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total transaction of £302,746.40. Over the last quarter, insiders have bought 140 shares of company stock worth $120,472. Insiders own 0.20% of the company's stock.

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. The Corrugated Packaging segment provides virgin and recycled containerboards for fresh fruit packaging and heavy and fragile goods transport packaging applications; and corrugated solutions, such as corrugated boxes and packaging products.

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