Shares of Mondi plc (LON:MNDI - Get Free Report) dropped 12.1% during mid-day trading on Thursday . The company traded as low as GBX 1,027.50 ($13.64) and last traded at GBX 1,027.50 ($13.64). Approximately 4,917,192 shares changed hands during trading, a decline of 18% from the average daily volume of 6,007,496 shares. The stock had previously closed at GBX 1,168.50 ($15.52).
Analysts Set New Price Targets
MNDI has been the subject of several analyst reports. Citigroup decreased their target price on Mondi from GBX 1,650 ($21.91) to GBX 1,550 ($20.58) and set a "buy" rating for the company in a research report on Friday. JPMorgan Chase & Co. increased their price target on Mondi from GBX 1,430 ($18.99) to GBX 1,460 ($19.39) and gave the company an "overweight" rating in a report on Friday, July 18th.
View Our Latest Analysis on MNDI
Mondi Trading Up 0.5%
The firm has a market capitalization of £5.49 billion, a P/E ratio of 14.20, 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 quick ratio of 1.14 and a current ratio of 2.06. The firm has a 50 day moving average price of GBX 1,185.44 and a two-hundred day moving average price of GBX 1,189.91.
Insider Buying and Selling at Mondi
In other Mondi news, insider Andrew King bought 24 shares of Mondi stock in a transaction dated Monday, July 7th. The stock was bought at an average price of GBX 1,186 ($15.75) per share, for a total transaction of £284.64 ($377.96). Also, insider Mike Powell bought 24 shares of Mondi stock in a transaction dated Monday, July 7th. The stock was acquired at an average price of GBX 1,186 ($15.75) per share, with a total value of £284.64 ($377.96). Over the last three months, insiders have bought 100 shares of company stock valued at $118,496. Corporate insiders own 1.36% of the company's stock.
Mondi Company Profile
(
Get Free Report)
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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