Mondi (LON:MNDI) Reaches New 1-Year Low - Should You Sell?

Mondi plc (LON:MNDI - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 803.60 and last traded at GBX 806, with a volume of 3264803 shares. The stock had previously closed at GBX 821.

Wall Street Analyst Weigh In

MNDI has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their target price on Mondi from GBX 1,180 to GBX 840 and set a "neutral" rating for the company in a research report on Monday, October 20th. Citigroup decreased their price target on shares of Mondi from GBX 1,530 to GBX 1,250 and set a "buy" rating on the stock in a research note on Tuesday, October 7th. Finally, Jefferies Financial Group reduced their target price on shares of Mondi from GBX 1,700 to GBX 1,400 and set a "buy" rating on the stock in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,163.33.

Get Our Latest Research Report on Mondi

Mondi Trading Down 1.7%

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 company has a market capitalization of £3.55 billion, a P/E ratio of 18.68, a PEG ratio of 0.76 and a beta of 0.68. The company's fifty day simple moving average is GBX 932.41 and its 200-day simple moving average is GBX 1,077.65.

Insider Buying and Selling

In related news, insider Sucheta Govil purchased 625 shares of Mondi stock in a transaction dated Tuesday, October 7th. The stock was purchased at an average cost of GBX 873 per share, with a total value of £5,456.25. Also, insider Mike Powell acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, October 7th. The shares were bought at an average cost of GBX 874 per share, for a total transaction of £87,400. Insiders have purchased a total of 17,802 shares of company stock valued at $15,624,510 over the last ninety days. Company insiders own 0.18% 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.

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