Mondi plc (LON:MNDI - Get Free Report)'s stock price dropped 12.1% during trading on Thursday . The stock traded as low as GBX 1,027.50 ($13.57) and last traded at GBX 1,027.50 ($13.57). Approximately 4,917,192 shares were traded 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 ($15.44).
Analyst Upgrades and Downgrades
MNDI has been the subject of several recent analyst reports. Citigroup lowered their price objective on shares of Mondi from GBX 1,650 ($21.80) to GBX 1,550 ($20.48) and set a "buy" rating for the company in a research note on Friday. JPMorgan Chase & Co. upped their price objective on shares of Mondi from GBX 1,430 ($18.89) to GBX 1,460 ($19.29) and gave the company an "overweight" rating in a research note on Friday, July 18th.
View Our Latest Stock Analysis on MNDI
Mondi Stock Performance
The business's 50-day moving average price is GBX 1,192.27 and its 200-day moving average price is GBX 1,191.50. 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 stock has a market cap of £5.46 billion, a P/E ratio of 14.12, a P/E/G ratio of 0.76 and a beta of 0.68.
Insider Buying and Selling at Mondi
In other news, insider Mike Powell acquired 24 shares of Mondi stock in a transaction that occurred on Monday, July 7th. The shares were bought at an average cost of GBX 1,186 ($15.67) per share, with a total value of £284.64 ($376.01). Also, insider Andrew King bought 24 shares of the company's stock in a transaction on Monday, July 7th. The stock was bought at an average price of GBX 1,186 ($15.67) per share, for a total transaction of £284.64 ($376.01). In the last quarter, insiders acquired 100 shares of company stock worth $118,496. 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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