Mondi plc (LON:MNDI - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,188.61 ($16.11) and traded as high as GBX 1,222 ($16.56). Mondi shares last traded at GBX 1,205.50 ($16.34), with a volume of 2,981,496 shares trading hands.
Wall Street Analyst Weigh In
Separately, Citigroup cut their price target on Mondi from GBX 1,600 ($21.68) to GBX 1,550 ($21.01) and set a "buy" rating for the company in a research note on Tuesday, February 25th.
Read Our Latest Stock Report on MNDI
Mondi Trading Up 0.3%
The stock has a market capitalization of £6.29 billion, a P/E ratio of 16.29, 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. The business has a 50-day moving average price of GBX 1,141.32 and a two-hundred day moving average price of GBX 1,188.37.
Insider Activity at Mondi
In other news, insider Andrew King acquired 26 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average cost of GBX 1,152 ($15.61) per share, with a total value of £299.52 ($405.91). 1.36% of the stock is owned by insiders.
About Mondi
(
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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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