Mondi (LON:MNDI) Sets New 52-Week Low – Should You Sell?

Shares of Mondi plc (LON:MNDI) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 726.80 and last traded at GBX 729.20, with a volume of 17963961 shares trading hands. The stock had previously closed at GBX 745.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MNDI shares. JPMorgan Chase & Co. raised their target price on shares of Mondi from GBX 990 to GBX 1,040 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 760 price target on shares of Mondi in a report on Monday, May 11th. Finally, Citigroup reduced their price objective 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 research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Mondi has a consensus rating of “Moderate Buy” and an average target price of GBX 1,035.

Mondi Trading Down 1.4%

The stock has a market capitalization of £3.21 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 0.76 and a beta of 0.56. The company’s 50-day moving average is GBX 815.19 and its 200-day moving average is GBX 856.04. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 64.04.

Insider Activity

In other Mondi news, insider Stephen G. Young acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were purchased at an average cost of GBX 749 per share, for a total transaction of £37,450. Also, insider Andrew King acquired 34 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was acquired at an average price of GBX 860 per share, with a total value of £292.40. Insiders bought a total of 5,178 shares of company stock valued at $3,895,302 in the last 90 days. Company insiders own 0.20% of the company’s stock.

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.