Mondi (LON:MNDI) Hits New 1-Year Low – Here’s What Happened

Mondi plc (LON:MNDI)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 686 and last traded at GBX 699.60, with a volume of 3238115 shares traded. The stock had previously closed at GBX 702.60.

Analysts Set New Price Targets

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

Mondi Stock Performance

The business’s 50-day moving average price is GBX 753.08 and its 200-day moving average price is GBX 833.34. The company has a debt-to-equity ratio of 60.89, a quick ratio of 1.14 and a current ratio of 1.53. The stock has a market cap of £3.07 billion, a P/E ratio of 18.60, a P/E/G ratio of 0.76 and a beta of 0.57.

Insider Activity at Mondi

In related news, insider Andrew King purchased 34 shares of Mondi stock in a transaction on Thursday, April 9th. The stock was acquired at an average price of GBX 860 per share, for a total transaction of £292.40. Also, insider Mike Powell purchased 34 shares of Mondi stock in a transaction on Thursday, April 9th. The stock was bought at an average price of GBX 860 per share, with a total value of £292.40. Over the last three months, insiders have purchased 5,146 shares of company stock worth $3,863,430. Corporate 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.