Mondi (LON:MNDI) Sets New 1-Year Low – Time to Sell?

Mondi plc (LON:MNDI) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 772.20 and last traded at GBX 773.80, with a volume of 5031086 shares changing hands. The stock had previously closed at GBX 841.80.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Mondi from GBX 900 to GBX 990 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Citigroup dropped their price target on Mondi from GBX 1,030 to GBX 1,000 and set a “buy” rating for the company in a research report on Monday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,130.

Mondi Trading Down 7.7%

The stock has a market cap of £3.43 billion, a P/E ratio of 20.78, a P/E/G ratio of 0.76 and a beta of 0.65. The company has a debt-to-equity ratio of 64.04, a quick ratio of 1.14 and a current ratio of 1.53. The stock has a 50-day moving average price of GBX 858.19 and a 200-day moving average price of GBX 865.59.

Insider Buying and Selling

In other news, insider Andrew King bought 34 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The stock was bought at an average price of GBX 860 per share, for a total transaction of £292.40. Also, insider Mike Powell bought 34 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The stock was purchased at an average price of GBX 860 per share, with a total value of £292.40. Insiders purchased a total of 140 shares of company stock valued at $120,472 in the last 90 days. 0.20% of the stock is currently owned by corporate 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.