Mondi (LON:MNDI) Shares Up 13.1% – Should You Buy?

Mondi plc (LON:MNDI)’s share price traded up 13.1% during trading on Thursday . The company traded as high as GBX 912 and last traded at GBX 875.60. 4,808,216 shares changed hands during trading, a decline of 61% from the average daily volume of 12,384,269 shares. The stock had previously closed at GBX 774.52.

Analyst Ratings Changes

A number of research firms have recently weighed in on MNDI. Citigroup cut their target price on Mondi from GBX 1,000 to GBX 940 and set a “buy” rating for the company in a research report on Tuesday, April 28th. JPMorgan Chase & Co. dropped their price target on Mondi from GBX 1,040 to GBX 840 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 760 price objective on shares of Mondi in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Mondi has an average rating of “Moderate Buy” and an average price target of GBX 985.

Mondi Stock Performance

The stock has a fifty day simple moving average of GBX 726.97 and a two-hundred day simple moving average of GBX 806.18. 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 stock has a market cap of £3.86 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 0.76 and a beta of 0.58.

Insider Buying and Selling at Mondi

In other Mondi news, insider Andrew King acquired 42 shares of Mondi stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average cost of GBX 710 per share, with a total value of £298.20. Also, insider Mike Powell bought 42 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was acquired at an average price of GBX 710 per share, for a total transaction of £298.20. Over the last 90 days, insiders have purchased 162 shares of company stock valued at $119,590. 0.20% of the stock is owned by corporate 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.