Mondi (LON:MNDI) Trading Down 12.1% - What's Next?

Key Points

• Mondi plc shares experienced a significant drop of 12.1%, trading as low as GBX 1,027.50 ($13.62), amidst a decline in trading volume by 18% from its average daily volume.
• Despite the drop, JPMorgan Chase & Co. upgraded their price target for Mondi from GBX 1,430 to GBX 1,460, maintaining an "overweight" rating.
• Insider transactions have occurred, with insiders purchasing shares at prices between GBX 1,152 ($15.27) and GBX 1,186 ($15.73), indicating confidence in the company's long-term prospects.

Mondi plc (LON:MNDI - Get Free Report) traded down 12.1% during trading on Thursday . The company traded as low as GBX 1,027.50 ($13.64) and last traded at GBX 1,027.50 ($13.64). 4,917,192 shares changed hands during trading, a decline of 18% from the average session volume of 6,007,496 shares. The stock had previously closed at GBX 1,168.50 ($15.52).

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Mondi from GBX 1,430 ($18.99) to GBX 1,460 ($19.39) and gave the stock an "overweight" rating in a research report on Friday, July 18th. Citigroup dropped their price target on Mondi from GBX 1,650 ($21.91) to GBX 1,550 ($20.58) and set a "buy" rating on the stock in a research report on Friday.

Mondi Stock Performance

The stock has a 50-day moving average of GBX 1,185.44 and a 200-day moving average of GBX 1,189.91. The firm has a market cap of £5.45 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06.

Insider Buying and Selling

In related news, insider Andrew King purchased 24 shares of the stock in a transaction on Monday, July 7th. The shares were purchased at an average price of GBX 1,186 ($15.75) per share, with a total value of £284.64 ($377.96). Also, insider Mike Powell purchased 24 shares of the stock in a transaction on Monday, July 7th. The shares were bought at an average cost of GBX 1,186 ($15.75) per share, for a total transaction of £284.64 ($377.96). In the last three months, insiders purchased 100 shares of company stock worth $118,496. 1.36% of the stock is owned by insiders.

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.