Shares of Mondi plc (LON:MNDI - Get Free Report) fell 12.1% on Thursday . The stock traded as low as GBX 1,027.50 ($13.66) and last traded at GBX 1,027.50 ($13.66). 4,917,192 shares changed hands 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 ($15.53).
Wall Street Analyst Weigh In
Several brokerages have commented on MNDI. JPMorgan Chase & Co. upped their target price on shares of Mondi from GBX 1,430 ($19.01) to GBX 1,460 ($19.40) and gave the company an "overweight" rating in a research report on Friday, July 18th. Citigroup decreased their price target on shares of Mondi from GBX 1,650 ($21.93) to GBX 1,550 ($20.60) and set a "buy" rating for the company in a report on Friday.
Check Out Our Latest Report on Mondi
Mondi Stock Performance
The stock's 50 day moving average is GBX 1,182.43 and its two-hundred day moving average is GBX 1,188.82. 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 stock has a market capitalization of £5.55 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68.
Insider Transactions at Mondi
In related news, insider Mike Powell purchased 24 shares of the stock in a transaction on Monday, July 7th. The shares were purchased at an average cost of GBX 1,186 ($15.76) per share, with a total value of £284.64 ($378.31). Also, insider Andrew King bought 24 shares of the firm's stock in a transaction on Monday, July 7th. The shares were acquired at an average price of GBX 1,186 ($15.76) per share, for a total transaction of £284.64 ($378.31). Over the last ninety days, insiders bought 100 shares of company stock worth $118,496. 1.36% of the stock is owned by insiders.
Mondi Company Profile
(
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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