Mondi (LON:MNDI) Trading Down 15.3% - Time to Sell?

Key Points

• Mondi plc's stock price decreased by 15.3% during mid-day trading, reaching a low of GBX 859 ($11.54) after closing at GBX 1,047.52 ($14.07).
• Analysts have adjusted price targets for Mondi, with Citigroup lowering it from GBX 1,650 to GBX 1,550 and JPMorgan from GBX 1,460 to GBX 1,240, maintaining a "buy" and "overweight" rating respectively.
• Mondi's current market cap is £3.91 billion, with an average rating of "Buy" and a consensus target price of GBX 1,395 among analysts.

Mondi plc (LON:MNDI - Get Free Report)'s stock price dropped 15.3% during mid-day trading on Monday . The stock traded as low as GBX 859 ($11.54) and last traded at GBX 887.60 ($11.92). Approximately 55,500,199 shares changed hands during mid-day trading, an increase of 807% from the average daily volume of 6,122,121 shares. The stock had previously closed at GBX 1,047.52 ($14.07).

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup reduced their target price on Mondi from GBX 1,650 to GBX 1,550 and set a "buy" rating for the company in a report on Friday, August 1st. JPMorgan Chase & Co. reduced their price target 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 currently has an average rating of "Buy" and a consensus target price of GBX 1,395.

Mondi Stock Down 15.4%

The firm's fifty day simple moving average is GBX 1,045.18 and its 200-day simple moving average is GBX 1,123.22. The company has a market cap of £3.91 billion, a PE ratio of 2,052.31, a P/E/G 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.

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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