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

Mondi plc (LON:MNDI) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 719 and last traded at GBX 719.40, with a volume of 4109648 shares. The stock had previously closed at GBX 731.40.

Wall Street Analyst Weigh In

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

Mondi Price Performance

The company has a debt-to-equity ratio of 64.04, a quick ratio of 1.14 and a current ratio of 1.53. The company has a market cap of £3.17 billion, a PE ratio of 19.24, a PEG ratio of 0.76 and a beta of 0.57. The company’s 50-day simple moving average is GBX 785.75 and its 200 day simple moving average is GBX 845.38.

Insider Buying and Selling at Mondi

In other Mondi news, insider Stephen G. Young purchased 5,000 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was bought at an average price of GBX 749 per share, with a total value of £37,450. Also, insider Mike Powell acquired 34 shares of the firm’s stock in a transaction dated Thursday, April 9th. The shares were purchased at an average cost of GBX 860 per share, with a total value of £292.40. Insiders acquired 5,146 shares of company stock valued at $3,863,430 in the last 90 days. 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.