Mondi (LON:MNDI) Stock Price Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• Mondi shares fell below their 200-day moving average of GBX 797.37, reaching GBX 788.20 in trading volume of approximately 1.28 million shares.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average target price of GBX 936.25, despite mixed individual target revisions.
• Insiders have been buying shares, including purchases by Mike Powell and Andrew King at GBX 844 per share; insiders collectively acquired 220 shares over the past 90 days.

Mondi plc (LON:MNDI - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 797.37 and traded as low as GBX 788.20. Mondi shares last traded at GBX 788.20, with a volume of 1,281,976 shares traded.

Analyst Upgrades and Downgrades

MNDI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Mondi from GBX 840 to GBX 800 and set a "neutral" rating on the stock in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mondi from GBX 760 to GBX 825 and gave the company a "hold" rating in a report on Monday, August 3rd. Citigroup increased their price objective on shares of Mondi from GBX 820 to GBX 1,040 and gave the company a "buy" rating in a research report on Monday, August 10th. Finally, Jefferies Financial Group dropped their target price on shares of Mondi from GBX 1,085 to GBX 1,080 and set a "buy" rating on the stock in a report on Friday, September 25th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 936.25.

Mondi Stock Performance

The business has a 50-day moving average of GBX 851.70 and a 200 day moving average of GBX 797.37. The company has a debt-to-equity ratio of 62.05, a current ratio of 1.55 and a quick ratio of 1.14. The company has a market cap of £3.47 billion, a PE ratio of -13.36, a PEG ratio of 0.76 and a beta of 0.61.

Insider Transactions at Mondi

In other Mondi news, insider Mike Powell acquired 34 shares of the company's stock in a transaction that occurred on Monday, September 7th. The shares were bought at an average price of GBX 844 per share, with a total value of £286.96. Also, insider Andrew King acquired 34 shares of the company's stock in a transaction that occurred on Monday, September 7th. The stock was acquired at an average cost of GBX 844 per share, for a total transaction of £286.96. Over the last 90 days, insiders have acquired 220 shares of company stock valued at $178,708. Corporate insiders own 0.20% of the company's stock.

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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