Mondi (LON:MNDI) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Mondi plc (LON:MNDI) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 797.37 and traded as low as GBX 788.20. Mondi shares last traded at GBX 788.20, with a volume of 1,281,976 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MNDI. JPMorgan Chase & Co. decreased their price objective on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating on the stock in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised their target price on Mondi from GBX 760 to GBX 825 and gave the company a “hold” rating in a report on Monday, August 3rd. Jefferies Financial Group reduced their price target on shares of Mondi from GBX 1,085 to GBX 1,080 and set a “buy” rating on the stock in a research report on Friday, September 25th. Finally, Citigroup lifted their price objective 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. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mondi currently has a consensus rating of “Moderate Buy” and an average target price of GBX 936.25.

Mondi Price Performance

The firm has a market capitalization of £3.47 billion, a price-to-earnings ratio of -13.36, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61. The stock’s fifty day moving average price is GBX 851.70 and its two-hundred day moving average price is GBX 797.37. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 62.05.

Insider Activity

In other Mondi news, insider Andrew King bought 42 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average price of GBX 710 per share, for a total transaction of £298.20. Also, insider Mike Powell purchased 42 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was bought at an average price of GBX 710 per share, for a total transaction of £298.20. Over the last ninety days, insiders have bought 220 shares of company stock valued at $178,708. Insiders own 0.20% of the company’s stock.

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.