Mondi (LON:MNDI) Sets New 12-Month Low – Time to Sell?

Mondi plc (LON:MNDI)’s share price reached a new 52-week low on Monday . The stock traded as low as GBX 702 and last traded at GBX 702.40, with a volume of 114223414 shares changing hands. The stock had previously closed at GBX 720.60.

Analyst Ratings Changes

A number of research firms recently commented on MNDI. JPMorgan Chase & Co. increased their target price on Mondi from GBX 990 to GBX 1,040 and gave the company a “neutral” rating in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 760 price objective on shares of Mondi in a report on Monday, May 11th. Finally, Citigroup dropped their target price on Mondi from GBX 1,000 to GBX 940 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,035.

Mondi Price Performance

The company has a debt-to-equity ratio of 60.89, a current ratio of 1.53 and a quick ratio of 1.14. The firm has a market capitalization of £3.13 billion, a P/E ratio of 18.99, a P/E/G ratio of 0.76 and a beta of 0.57. The firm’s 50 day simple moving average is GBX 764.90 and its two-hundred day simple moving average is GBX 837.65.

Insider Transactions at Mondi

In related news, insider Mike Powell bought 34 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The stock was bought at an average cost of GBX 860 per share, for a total transaction of £292.40. Also, insider Andrew King purchased 34 shares of Mondi stock in a transaction that occurred on Thursday, April 9th. The shares were bought at an average price of GBX 860 per share, for a total transaction of £292.40. Over the last quarter, insiders have purchased 5,146 shares of company stock worth $3,863,430. Company 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.