Mondi (LON:MNDI) Trading Down 14.2% - Time to Sell?

Key Points

• Mondi plc's share price decreased by 14.2%, trading as low as GBX 859 ($11.54) on Monday, with a significant volume increase of 820% compared to its average session.
• Analysts from Citigroup and JPMorgan Chase recently lowered their price targets for Mondi, with Citigroup reducing it from GBX 1,650 to GBX 1,550.
• The company's current market capitalization stands at £3.95 billion, with a price-to-earnings ratio of 2,075.93.

Mondi plc (LON:MNDI - Get Free Report)'s share price traded down 14.2% during trading on Monday . The stock traded as low as GBX 859 ($11.54) and last traded at GBX 898.60 ($12.07). 56,375,613 shares were traded during trading, an increase of 820% from the average session volume of 6,126,657 shares. The stock had previously closed at GBX 1,047.52 ($14.07).

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup lowered their price target on shares of Mondi from GBX 1,650 to GBX 1,550 and set a "buy" rating on the stock in a report on Friday, August 1st. JPMorgan Chase & Co. cut their target price on shares of Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating for the company in a research report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Mondi presently has a consensus rating of "Buy" and a consensus price target of GBX 1,395.

Mondi Price Performance

The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00. The stock has a market cap of £3.95 billion, a price-to-earnings ratio of 2,075.93, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company's 50-day moving average is GBX 1,045.18 and its 200-day moving average is GBX 1,123.22.

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.

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