Mondi (LON:MNDI) Stock Price Down 15.2% - Time to Sell?

Key Points

• Mondi plc's share price has decreased by 15.2%, with a trading low of GBX 859 ($11.54) during mid-day trading.
• JPMorgan Chase & Co. and Citigroup have both lowered their target prices for Mondi, reflecting a more cautious outlook with ratings of "overweight" and "buy," respectively.
• The company has a market capitalization of £3.91 billion and a consensus rating of "Buy" among analysts, with a current price target of GBX 1,395.

Mondi plc (LON:MNDI - Get Free Report)'s share price fell 15.2% during mid-day trading on Monday . The company traded as low as GBX 859 ($11.54) and last traded at GBX 887.80 ($11.92). 56,607,461 shares were traded during mid-day trading, an increase of 824% from the average session volume of 6,127,858 shares. The stock had previously closed at GBX 1,047.52 ($14.07).

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MNDI shares. JPMorgan Chase & Co. decreased their target price on shares of Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating on the stock in a research report on Monday, August 11th. Citigroup dropped their target price 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 analysts have rated the stock with a Buy rating, According to data from MarketBeat, Mondi currently has a consensus rating of "Buy" and a consensus price target of GBX 1,395.

Mondi Stock Performance

The company has a market capitalization of £3.91 billion, a P/E ratio of 2,055.09, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company's 50 day moving average is GBX 1,045.18 and its 200-day moving average is GBX 1,123.22. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00.

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.

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