Mondi (LON:MNDI) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Mondi plc (LON:MNDI) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 803.51 and traded as high as GBX 859.60. Mondi shares last traded at GBX 856.60, with a volume of 1,066,123 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MNDI shares. Jefferies Financial Group cut their target price on Mondi from GBX 1,100 to GBX 1,085 and set a “buy” rating on the stock in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mondi from GBX 760 to GBX 825 and gave the stock a “hold” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. cut their price objective on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, Citigroup boosted their target price on shares of Mondi from GBX 820 to GBX 1,040 and gave the company a “buy” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 937.50.

Mondi Stock Performance

The company has a market cap of £3.78 billion, a P/E ratio of -14.52, a PEG ratio of 0.76 and a beta of 0.61. The company has a 50 day moving average price of GBX 805.68 and a 200-day moving average price of GBX 803.88. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 62.05.

Insider Transactions at Mondi

In related news, insider Mike Powell purchased 42 shares of Mondi stock in a transaction dated Tuesday, July 7th. The stock was bought at an average cost of GBX 710 per share, with a total value of £298.20. Also, insider Andrew King acquired 42 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was bought at an average price of GBX 710 per share, with a total value of £298.20. Insiders purchased a total of 152 shares of company stock valued at $121,316 in the last quarter. 0.20% of the stock is currently owned by 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.