Mondi (LON:MNDI) Reaches New 12-Month Low – Should You Sell?

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

Analyst Ratings Changes

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

Mondi Price Performance

The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 60.89. The stock has a fifty day simple moving average of GBX 770.89 and a 200-day simple moving average of GBX 839.66. The stock has a market cap of £3.09 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 0.76 and a beta of 0.57.

Insider Activity

In related news, insider Mike Powell bought 34 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were acquired at an average price of GBX 860 per share, with a total value of £292.40. Also, insider Stephen G. Young bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were bought at an average price of GBX 749 per share, with a total value of £37,450. Over the last three months, insiders acquired 5,146 shares of company stock valued at $3,863,430. 0.20% of the stock is owned by company insiders.

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.