Mondi (LON:MNDI) Trading Down 16% - Here's Why

Key Points

• Mondi plc's stock price fell by 16% on Monday, closing at GBX 879.60 ($11.86) after trading as low as GBX 859 ($11.58).
• Analysts from JPMorgan Chase & Co. and Citigroup have downgraded their target prices for Mondi, reflecting concerns about the company's performance.
• Company insiders have recently engaged in buying shares, with Philip Yea acquiring 5,000 shares at an average price of GBX 888 each, indicating potential confidence in the company's future.

Mondi plc (LON:MNDI - Get Free Report) was down 16% on Monday . The stock traded as low as GBX 859 ($11.58) and last traded at GBX 879.60 ($11.86). Approximately 7,918,549 shares traded hands during trading, an increase of 35% from the average daily volume of 5,875,584 shares. The stock had previously closed at GBX 1,047.52 ($14.12).

Analyst Upgrades and Downgrades

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

Mondi Trading Down 16.0%

The stock has a market capitalization of £3.87 billion, a price-to-earnings ratio of 2,036.11, a PEG ratio of 0.76 and a beta of 0.68. The company's 50 day moving average is GBX 1,039 and its 200 day moving average is GBX 1,120.91. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06.

Insider Activity at Mondi

In related news, insider Philip Yea bought 5,000 shares of Mondi stock in a transaction that occurred on Monday, October 6th. The stock was acquired at an average price of GBX 888 per share, for a total transaction of £44,400. Insiders have bought a total of 5,029 shares of company stock worth $4,470,769 over the last three months. 0.17% of the stock is currently owned by corporate insiders.

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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