Mondi (LON:MNDI) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Mondi plc (LON:MNDI)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 833.34 and traded as low as GBX 702.60. Mondi shares last traded at GBX 702.60, with a volume of 1,331,386 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on MNDI shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 760 price objective on shares of Mondi in a report on Monday, May 11th. JPMorgan Chase & Co. boosted 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. Finally, Citigroup dropped their target price on Mondi from GBX 1,000 to GBX 940 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Mondi presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,035.

Mondi Trading Down 1.3%

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 firm has a market cap of £3.10 billion, a P/E ratio of 18.79, a P/E/G ratio of 0.76 and a beta of 0.57. The firm has a 50 day simple moving average of GBX 753.08 and a 200 day simple moving average of GBX 833.34.

Insider Transactions at Mondi

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

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. 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.