Mondi (LON:MNDI) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Mondi shares rose above their 200-day moving average, reaching GBX 855 before closing at GBX 836.20 on heavy volume. The 200-day average was GBX 798.37.
• Analyst sentiment is generally positive but mixed: Mondi has a “Moderate Buy” consensus rating and an average target price of GBX 937.50, implying potential upside from the latest price.
• Insiders have recently bought shares, including purchases by Mike Powell and Andrew King, with insiders acquiring 220 shares worth approximately $178,708 over the past three months.

Mondi plc (LON:MNDI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 798.37 and traded as high as GBX 855. Mondi shares last traded at GBX 836.20, with a volume of 37,215,895 shares traded.

Analyst Ratings Changes

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

Mondi Stock Performance

The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 62.05. The stock has a 50 day simple moving average of GBX 841.15 and a 200 day simple moving average of GBX 798.37. The company has a market capitalization of £3.69 billion, a price-to-earnings ratio of -14.17, a P/E/G ratio of 0.76 and a beta of 0.61.

Insider Activity at Mondi

In related news, insider Mike Powell acquired 34 shares of the stock in a transaction that occurred on Monday, September 7th. The stock was purchased at an average cost of GBX 844 per share, for a total transaction of £286.96. Also, insider Andrew King bought 34 shares of the company's stock in a transaction on Monday, September 7th. The stock was bought at an average cost of GBX 844 per share, for a total transaction of £286.96. In the last three months, insiders purchased 220 shares of company stock worth $178,708. Company insiders own 0.20% of the company's stock.

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. 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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