Mondi (LON:MNDI) Shares Pass Below 200-Day Moving Average – Time to Sell?

Shares of Mondi plc (LON:MNDI) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 853.09 and traded as low as GBX 740. Mondi shares last traded at GBX 752.90, with a volume of 1,296,488 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MNDI shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 760 price target on shares of Mondi in a report on Monday, May 11th. Citigroup dropped their price target on Mondi from GBX 1,000 to GBX 940 and set a “buy” rating for the company in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. raised their price target on Mondi from GBX 990 to GBX 1,040 and gave the company a “neutral” rating in a report on Monday, April 27th. Two investment 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, Mondi has an average rating of “Moderate Buy” and an average target price of GBX 1,035.

Mondi Price Performance

The company has a 50 day moving average price of GBX 807.22 and a 200 day moving average price of GBX 853.09. The company has a market capitalization of £3.38 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 0.76 and a beta of 0.56. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 64.04.

Insider Activity

In other news, insider Stephen G. Young bought 5,000 shares of the stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of GBX 749 per share, with a total value of £37,450. Also, insider Andrew King bought 34 shares of the stock in a transaction dated Thursday, April 9th. The stock was purchased at an average cost of GBX 860 per share, with a total value of £292.40. In the last ninety days, insiders bought 5,178 shares of company stock valued at $3,895,302. 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.