Mondi (LON:MNDI) Stock Price Down 12.1% - Time to Sell?

Key Points

• Mondi plc's stock price dropped sharply by 12.1% during trading, closing at GBX 1,027.50 ($13.57), significantly lower than the previous close of GBX 1,168.50 ($15.44).
• JPMorgan Chase & Co. raised their price target for Mondi shares from GBX 1,430 ($18.89) to GBX 1,460 ($19.29) and maintained an "overweight" rating.
• Insiders have shown confidence in the company, with two insiders purchasing shares recently at an average cost of GBX 1,186 ($15.67) each.

Mondi plc (LON:MNDI - Get Free Report) shares traded down 12.1% during mid-day trading on Thursday . The stock traded as low as GBX 1,027.50 ($13.64) and last traded at GBX 1,027.50 ($13.64). 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 ($15.52).

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup reduced their price objective on Mondi from GBX 1,650 ($21.91) to GBX 1,550 ($20.58) and set a "buy" rating for the company in a report on Friday. JPMorgan Chase & Co. increased their price objective 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.

Mondi Price Performance

The stock's fifty day moving average price is GBX 1,185.44 and its 200-day moving average price is GBX 1,189.91. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06. The firm has a market cap of £5.47 billion, a PE ratio of 14.14, a P/E/G ratio of 0.76 and a beta of 0.68.

Insider Buying and Selling

In other Mondi news, insider Mike Powell purchased 24 shares of the company's stock in a transaction on Monday, July 7th. The shares were purchased at an average cost of GBX 1,186 ($15.75) per share, for a total transaction of £284.64 ($377.96). Also, insider Andrew King purchased 24 shares of the company's stock in a transaction on Monday, July 7th. The stock was acquired at an average price of GBX 1,186 ($15.75) per share, for a total transaction of £284.64 ($377.96). Insiders have bought 100 shares of company stock worth $118,496 in the last quarter. Insiders own 1.36% 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.