Mondi (LON:MNDI) Stock Price Down 14.1% - What's Next?

Key Points

• Mondi plc shares dropped by 14.1%, trading as low as GBX 859 ($11.54) on Monday, with a significant increase in trading volume.
• JPMorgan Chase & Co. and Citigroup have reduced their price targets for Mondi, now setting it at GBX 1,240 and GBX 1,550, respectively, while the stock currently holds an average rating of "Buy".
• The company has a market capitalization of £3.95 billion and operates in multiple regions, focusing on manufacturing packaging and paper solutions.

Shares of Mondi plc (LON:MNDI - Get Free Report) fell 14.1% on Monday . The stock traded as low as GBX 859 ($11.54) and last traded at GBX 899.60 ($12.08). 56,413,508 shares changed hands during mid-day trading, an increase of 821% from the average session volume of 6,126,853 shares. The stock had previously closed at GBX 1,047.52 ($14.07).

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MNDI. JPMorgan Chase & Co. reduced their price target on Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating for the company in a report on Monday, August 11th. Citigroup cut their price target on Mondi from GBX 1,650 to GBX 1,550 and set a "buy" rating for the company in a report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of GBX 1,395.

Mondi Price Performance

The business has a fifty day moving average of GBX 1,045.18 and a 200 day moving average of GBX 1,123.22. The stock has a market cap of £3.95 billion, a PE ratio of 2,075.93, a P/E/G ratio of 0.76 and a beta of 0.68. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14.

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.

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