Mondi (LON:MNDI) Stock Price Down 16% - What's Next?

Key Points

• Mondi plc's stock price fell 16% to as low as GBX 859 ($11.58), marking a significant decline from its previous close of GBX 1,047.52 ($14.12).
• Analysts have revised their price targets downward, with Citigroup reducing theirs from GBX 1,650 to GBX 1,550, while JPMorgan lowered theirs from GBX 1,460 to GBX 1,240; the current consensus rating for Mondi is "Buy."
• Insider Philip Yea purchased 5,000 shares at an average price of GBX 888, contributing to a total insider acquisition of over 5,029 shares valued at approximately $4.47 million over the last quarter.

Shares of Mondi plc (LON:MNDI - Get Free Report) were 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 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).

Analysts Set New Price Targets

MNDI has been the topic of several research analyst reports. Citigroup lowered 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. dropped their price target on shares of Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating for the company in a research note on Monday, August 11th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of GBX 1,395.

Mondi Price Performance

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

Insider Activity at Mondi

In other news, insider Philip Yea acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The stock was acquired at an average cost of GBX 888 per share, with a total value of £44,400. In the last quarter, insiders have acquired 5,029 shares of company stock worth $4,470,769. Corporate insiders own 0.17% of the company's stock.

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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