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

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MNDI. JPMorgan Chase & Co. lifted their target price on Mondi from GBX 990 to GBX 1,040 and gave the stock a “neutral” rating in a research report 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 decreased their price objective on Mondi from GBX 1,000 to GBX 940 and set a “buy” rating on the stock in a 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,035.

Mondi Trading Down 2.6%

The company has a market cap of £3.09 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 0.76 and a beta of 0.57. 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 business’s 50 day moving average price is GBX 770.89 and its 200-day moving average price is GBX 839.66.

Insider Activity

In other Mondi news, insider Mike Powell bought 34 shares of the 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 Andrew King bought 34 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was acquired at an average cost of GBX 860 per share, for a total transaction of £292.40. In the last three months, insiders have acquired 5,146 shares of company stock worth $3,863,430. Corporate 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.