Mondi (LON:MNDI) Stock Price Down 16% - Should You Sell?

Key Points

• Mondi plc's stock price fell 16% on Monday, closing at GBX 879.60 ($11.86), down from GBX 1,047.52 ($14.12).
• Despite the recent drop, analysts maintain a consensus "Buy" rating for Mondi, with a target price of GBX 1,395.
• Insider Philip Yea purchased 5,000 shares at GBX 888 each, reflecting confidence in the company's stock amidst fluctuations.

Mondi plc (LON:MNDI - Get Free Report) was down 16% on Monday . The company traded as low as GBX 859 ($11.58) and last traded at GBX 879.60 ($11.86). Approximately 7,918,549 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 5,875,584 shares. The stock had previously closed at GBX 1,047.52 ($14.12).

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MNDI shares. Citigroup decreased their price objective on Mondi from GBX 1,650 to GBX 1,550 and set a "buy" rating on the stock in a report on Friday, August 1st. JPMorgan Chase & Co. lowered their price target on 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. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of GBX 1,395.

Mondi Stock Performance

The firm has a fifty day simple moving average of GBX 1,039 and a 200-day simple moving average of GBX 1,120.91. The stock has a market cap of £3.87 billion, a price-to-earnings ratio of 2,036.11, a P/E/G ratio of 0.76 and a beta of 0.68. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00.

Insider Activity at Mondi

In other news, insider Philip Yea purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, October 6th. The shares were acquired at an average cost of GBX 888 per share, for a total transaction of £44,400. Over the last three months, insiders bought 5,029 shares of company stock valued at $4,470,769. Corporate insiders own 0.17% of the company's stock.

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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