Mondi plc (LON:MNDI - Get Free Report) fell 12.1% during trading on Thursday . The stock traded as low as GBX 1,027.50 ($13.57) and last traded at GBX 1,027.50 ($13.57). 4,917,192 shares were traded during mid-day 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 ($15.44).
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. raised their price objective on shares of Mondi from GBX 1,430 ($18.89) to GBX 1,460 ($19.29) and gave the stock an "overweight" rating in a research note on Friday, July 18th.
Get Our Latest Stock Analysis on Mondi
Mondi Price Performance
The company's 50-day moving average is GBX 1,192.27 and its 200-day moving average is GBX 1,191.50. The stock has a market cap of £5.40 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00.
Insider Activity
In other Mondi news, insider Mike Powell purchased 24 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were acquired at an average cost of GBX 1,186 ($15.67) per share, for a total transaction of £284.64 ($376.01). Also, insider Andrew King purchased 24 shares of Mondi stock in a transaction that occurred on Monday, July 7th. The shares were bought at an average price of GBX 1,186 ($15.67) per share, for a total transaction of £284.64 ($376.01). In the last ninety days, insiders bought 100 shares of company stock worth $118,496. 1.36% of the stock is owned by insiders.
About Mondi
(
Get Free Report)
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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