Mondi (LON:MNDI) Hits New 1-Year Low – Should You Sell?

Mondi plc (LON:MNDI) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 686 and last traded at GBX 699.60, with a volume of 3238115 shares. The stock had previously closed at GBX 702.60.

Analysts Set New Price Targets

MNDI has been the subject of several analyst reports. Citigroup reduced their price target on shares of Mondi from GBX 1,000 to GBX 940 and set a “buy” rating for the company in a research report on Tuesday, April 28th. JPMorgan Chase & Co. raised their price target on shares of Mondi from GBX 990 to GBX 1,040 and gave the company a “neutral” rating in a report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 760 price target on shares of Mondi in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Mondi has an average rating of “Moderate Buy” and an average price target of GBX 1,035.

Mondi Stock Performance

The company has a debt-to-equity ratio of 60.89, a current ratio of 1.53 and a quick ratio of 1.14. The business has a 50-day simple moving average of GBX 745.94 and a 200 day simple moving average of GBX 830.69. The firm has a market cap of £3.02 billion, a PE ratio of 18.33, a PEG ratio of 0.76 and a beta of 0.57.

Insider Buying and Selling

In other Mondi news, insider Andrew King acquired 34 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was acquired at an average cost of GBX 860 per share, with a total value of £292.40. Also, insider Mike Powell acquired 34 shares of Mondi stock in a transaction on Thursday, April 9th. The shares were bought at an average cost of GBX 860 per share, for a total transaction of £292.40. Over the last quarter, insiders purchased 5,146 shares of company stock worth $3,863,430. 0.20% of the stock is owned by 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.