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Mondi (LON:MNDI) Trading Down 16.7% - Time to Sell?

Mondi logo with Basic Materials background

Key Points

  • Mondi plc's stock price fell by 16.7% during trading, closing at GBX 872.60 ($11.72) after reaching a low of GBX 859 ($11.54).
  • JPMorgan and Citigroup recently downgraded their price targets for Mondi to GBX 1,240 and GBX 1,550, respectively, while maintaining an average rating of "Buy" for the stock.
  • The company's market cap is £3.85 billion, with a significant increase in trading volume of 797% from its average daily rate.
  • Five stocks to consider instead of Mondi.

Mondi plc (LON:MNDI - Get Free Report)'s stock price dropped 16.7% during trading on Monday . The stock traded as low as GBX 859 ($11.54) and last traded at GBX 872.60 ($11.72). Approximately 54,916,465 shares traded hands during mid-day trading, an increase of 797% from the average daily volume of 6,119,096 shares. The stock had previously closed at GBX 1,047.52 ($14.07).

Analyst Upgrades and Downgrades

MNDI has been the subject of several research reports. JPMorgan Chase & Co. lowered 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. Citigroup lowered 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. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of GBX 1,395.

Get Our Latest Analysis on MNDI

Mondi Stock Performance

The firm's 50 day moving average is GBX 1,045.18 and its 200 day moving average is GBX 1,123.22. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06. The stock has a market cap of £3.85 billion, a P/E ratio of 2,022.69, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68.

About Mondi

(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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