Mondi (LON:MNDI) Share Price Crosses Above Two Hundred Day Moving Average of $1,658.89

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Mondi Plc (LON:MNDI)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1,658.89 and traded as high as $1,665.67. Mondi shares last traded at $1,653.50, with a volume of 1,521,376 shares changing hands.

A number of research firms recently issued reports on MNDI. JPMorgan Chase & Co. lowered their target price on shares of Mondi from GBX 2,070 ($27.05) to GBX 2,000 ($26.13) and set an “overweight” rating on the stock in a research note on Monday, August 5th. Deutsche Bank lowered their target price on shares of Mondi from GBX 2,000 ($26.13) to GBX 1,950 ($25.48) and set a “buy” rating on the stock in a research note on Tuesday, October 15th. UBS Group reiterated a “buy” rating on shares of Mondi in a research note on Wednesday, November 13th. Morgan Stanley lowered their target price on shares of Mondi from GBX 2,020 ($26.39) to GBX 1,915 ($25.02) and set an “overweight” rating on the stock in a research note on Monday, October 28th. Finally, Credit Suisse Group lowered their target price on shares of Mondi from GBX 2,000 ($26.13) to GBX 1,910 ($24.96) and set an “outperform” rating on the stock in a research note on Monday, October 14th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 1,932.14 ($25.25).

The business’s 50 day moving average is GBX 1,608.25 and its 200-day moving average is GBX 1,658.10. The company has a debt-to-equity ratio of 58.89, a quick ratio of 0.81 and a current ratio of 1.47. The firm has a market capitalization of $8.06 billion and a price-to-earnings ratio of 10.34.

Mondi Company Profile (LON:MNDI)

Mondi plc manufactures and sells packaging and paper products in the United Kingdom, Africa, Europe, Russia, North America, South America, Asia, and Australia. The company offers flexible packaging, bags, and pouches; personal care components; release liners; technical films; corrugated packaging; industrial bags; barrier coatings; specialty Kraft paper; sack Kraft paper; containerboards; office and professional printing papers; and paper for sustainable and promotional events, as well as product training courses.

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