Mondi (LON:MNDI) Stock Price Down 14.6% – Time to Sell?

Mondi plc (LON:MNDI) fell 14.6% during mid-day trading on Monday . The company traded as low as GBX 884.60 ($11.88) and last traded at GBX 894.60 ($12.02). 53,764,844 shares traded hands during trading, an increase of 779% from the average session volume of 6,113,129 shares. The stock had previously closed at GBX 1,047.52 ($14.07).

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MNDI shares. Citigroup dropped their price target on Mondi from GBX 1,650 to GBX 1,550 and set a “buy” rating on the stock in a research report on Friday, August 1st. JPMorgan Chase & Co. dropped their target price on Mondi from GBX 1,460 to GBX 1,240 and set an “overweight” rating on the stock in a report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Mondi has an average rating of “Buy” and an average target price of GBX 1,395.

Mondi Stock Down 14.6%

The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00. The stock has a market capitalization of £3.94 billion, a PE ratio of 2,070.83, a PEG ratio of 0.76 and a beta of 0.68. The firm’s fifty day moving average is GBX 1,045.18 and its 200-day moving average is GBX 1,123.22.

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.