Mondi (LON:MNDI) Trading Down 15.2% - What's Next?

Key Points

• Mondi plc's shares have dropped 15.2%, trading at GBX 888.25 ($11.93) during mid-day trading, significantly below the previous close of GBX 1,047.52 ($14.07).
• Analysts have downgraded their price targets for the stock, with JPMorgan reducing it from GBX 1,460 to GBX 1,240 and Citigroup from GBX 1,650 to GBX 1,550.
• The company currently holds a consensus rating of "Buy" with an average price target of GBX 1,395, despite recent price declines.

Shares of Mondi plc (LON:MNDI - Get Free Report) dropped 15.2% during mid-day trading on Monday . The company traded as low as GBX 859 ($11.54) and last traded at GBX 888.25 ($11.93). Approximately 55,826,582 shares changed hands during mid-day trading, an increase of 812% from the average daily volume of 6,123,812 shares. The stock had previously closed at GBX 1,047.52 ($14.07).

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MNDI shares. JPMorgan Chase & Co. reduced their price target on 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. Citigroup lowered their target price on shares of Mondi from GBX 1,650 to GBX 1,550 and set a "buy" rating on the stock in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of GBX 1,395.

Mondi Trading Down 14.9%

The firm has a market capitalization of £3.93 billion, a price-to-earnings ratio of 2,062.50, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company has a fifty day moving average price of GBX 1,045.18 and a 200-day moving average price of GBX 1,123.22. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00.

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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