Mondi (LON:MNDI) Sets New 52-Week Low – Here’s What Happened

Mondi plc (LON:MNDI) shares hit a new 52-week low on Friday . The company traded as low as GBX 803.60 and last traded at GBX 806, with a volume of 3264803 shares changing hands. The stock had previously closed at GBX 821.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup lowered their price target on Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating for the company in a research report on Tuesday, October 7th. JPMorgan Chase & Co. lowered their price objective on Mondi from GBX 1,180 to GBX 840 and set a “neutral” rating on the stock in a research report on Monday, October 20th. Finally, Jefferies Financial Group lowered their price target on shares of Mondi from GBX 1,700 to GBX 1,400 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,163.33.

Mondi Trading Down 1.7%

The company has a 50 day simple moving average of GBX 932.41 and a 200 day simple moving average of GBX 1,077.65. The company has a market capitalization of £3.55 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06.

Insider Buying and Selling

In other Mondi news, insider Svein Richard Brandtzaeg purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The shares were purchased at an average cost of GBX 876 per share, with a total value of £8,760. Also, insider Sucheta Govil acquired 625 shares of the business’s stock in a transaction on Tuesday, October 7th. The stock was acquired at an average price of GBX 873 per share, with a total value of £5,456.25. Insiders have bought a total of 17,802 shares of company stock worth $15,624,510 in the last ninety days. Company insiders own 0.18% 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.