Mondi (LON:MNDI) Stock Price Down 11.1% – Here’s What Happened

Mondi plc (LON:MNDI) shares traded down 11.1% during trading on Saturday . The stock traded as low as GBX 748.20 and last traded at GBX 748.20. 2,799,352 shares were traded during mid-day trading, a decline of 75% from the average session volume of 11,247,504 shares. The stock had previously closed at GBX 841.80.

Analysts Set New Price Targets

MNDI has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on Mondi from GBX 900 to GBX 990 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Citigroup cut their target price on Mondi from GBX 1,030 to GBX 1,000 and set a “buy” rating on the stock in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 1,130.

Mondi Stock Performance

The firm has a fifty day moving average price of GBX 854.19 and a 200 day moving average price of GBX 864.68. The company has a debt-to-equity ratio of 64.04, a quick ratio of 1.14 and a current ratio of 1.53. The stock has a market cap of £3.30 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 0.76 and a beta of 0.65.

Insider Activity

In related news, insider Andrew King sold 34,403 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of GBX 880, for a total transaction of £302,746.40. Also, insider Mike Powell sold 20,307 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total value of £178,701.60. Insiders have purchased a total of 140 shares of company stock worth $120,472 over the last ninety days. 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.