Mondi (LON:MNDI) Shares Cross Below 50-Day Moving Average – What’s Next?

Mondi plc (LON:MNDI)’s share price crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 797.08 and traded as low as GBX 783.40. Mondi shares last traded at GBX 790, with a volume of 864,594 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. 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 report on Monday, August 10th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,080 price target on shares of Mondi in a report on Thursday, October 15th. JPMorgan Chase & Co. reduced their price target 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, Deutsche Bank lifted their price target on shares of Mondi from GBX 760 to GBX 825 and gave the company a “hold” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Mondi presently has a consensus rating of “Moderate Buy” and an average price target of GBX 936.25.

Mondi Trading Up 0.2%

The firm has a market capitalization of £3.49 billion, a PE ratio of -13.42, a PEG ratio of 0.76 and a beta of 0.61. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 62.05. The business has a fifty day moving average price of GBX 797.08 and a two-hundred day moving average price of GBX 808.66.

Insider Activity

In related news, insider Andrew King bought 34 shares of the firm’s stock in a transaction on Monday, September 7th. The shares were bought at an average price of GBX 844 per share, with a total value of £286.96. Also, insider Mike Powell bought 34 shares of the stock in a transaction on Monday, September 7th. The shares were bought at an average cost of GBX 844 per share, with a total value of £286.96. Over the last 90 days, insiders purchased 146 shares of company stock worth $118,505. 0.20% of the stock is 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.