Mondi (LON:MNDI) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Mondi shares rose above their 200-day moving average, reaching GBX 859.60 and last trading at GBX 856.60, compared with the average of GBX 803.51.
• Analyst sentiment is broadly positive but mixed: two analysts rate the stock Buy and two rate it Hold, producing a “Moderate Buy” consensus and a GBX 937.50 average price target.
• Insiders have recently purchased shares, including 34 shares each by Mike Powell and Andrew King at GBX 907 per share; insiders own 0.20% of Mondi.

Shares of Mondi plc (LON:MNDI - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 803.51 and traded as high as GBX 859.60. Mondi shares last traded at GBX 856.60, with a volume of 1,066,123 shares trading hands.

Analyst Ratings Changes

Several brokerages recently issued reports on MNDI. JPMorgan Chase & Co. cut their price target on Mondi from GBX 840 to GBX 800 and set a "neutral" rating on the stock in a report on Friday, July 31st. Citigroup increased their target price on Mondi from GBX 820 to GBX 1,040 and gave the stock a "buy" rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft raised their target price on Mondi from GBX 760 to GBX 825 and gave the company a "hold" rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group reduced their price target on shares of Mondi from GBX 1,100 to GBX 1,085 and set a "buy" rating for the company in a report on Friday, July 31st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 937.50.

Mondi Stock Performance

The stock has a fifty day moving average price of GBX 802.78 and a two-hundred day moving average price of GBX 803.51. The company has a market cap of £3.78 billion, a P/E ratio of -14.52, a PEG ratio of 0.76 and a beta of 0.61. The company has a debt-to-equity ratio of 62.05, a current ratio of 1.55 and a quick ratio of 1.14.

Insider Activity at Mondi

In other Mondi news, insider Mike Powell bought 34 shares of the business's stock in a transaction on Friday, August 7th. The shares were purchased at an average price of GBX 907 per share, with a total value of £308.38. Also, insider Andrew King bought 34 shares of the business's stock in a transaction on Friday, August 7th. The shares were acquired at an average cost of GBX 907 per share, for a total transaction of £308.38. Over the last 90 days, insiders purchased 152 shares of company stock worth $121,316. 0.20% of the stock is owned by insiders.

About Mondi

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. The Corrugated Packaging segment provides virgin and recycled containerboards for fresh fruit packaging and heavy and fragile goods transport packaging applications; and corrugated solutions, such as corrugated boxes and packaging products.

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