Mondi (LON:MNDI) Stock Price Down 16% - Time to Sell?

Key Points

• Mondi plc's stock price has fallen by 16%, trading at GBX 879.60 ($11.86) after reaching a low of GBX 859 ($11.58) on Monday.
• A few analysts have downgraded their price targets for Mondi, with JPMorgan cutting it from GBX 1,460 to GBX 1,240, although the stock still maintains a consensus rating of "Buy" with an average target price of GBX 1,395.
• Insider activity has been noted, with Philip Yea purchasing 5,000 shares at GBX 888 each, contributing to an overall insider acquisition of 5,029 shares valued at $4,470,769 in the last 90 days.

Mondi plc (LON:MNDI - Get Free Report)'s share price was down 16% during mid-day trading 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 were traded 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).

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating on the stock in a research note on Monday, August 11th. Citigroup cut their target price on Mondi from GBX 1,650 to GBX 1,550 and set a "buy" rating on the stock in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Mondi presently has a consensus rating of "Buy" and an average target price of GBX 1,395.

Mondi Stock Down 16.0%

The firm's 50-day moving average price is GBX 1,039 and its 200-day moving average price is GBX 1,120.91. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14. The company has a market cap of £3.87 billion, a price-to-earnings ratio of 2,036.11, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68.

Insider Buying and Selling

In related news, insider Philip Yea acquired 5,000 shares of the business's stock in a transaction on Monday, October 6th. The shares were bought at an average cost of GBX 888 per share, with a total value of £44,400. Insiders bought 5,029 shares of company stock valued at $4,470,769 over the last 90 days. Company 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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