Mondi (LON:MNDI) Stock Passes Above 200 Day Moving Average – What’s Next?

Mondi plc (LON:MNDI) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 806.29 and traded as high as GBX 867. Mondi shares last traded at GBX 864.80, with a volume of 779,296 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on MNDI shares. Citigroup upped their price target on Mondi from GBX 820 to GBX 1,040 and gave the stock a “buy” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. cut their price objective on Mondi from GBX 840 to GBX 800 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Jefferies Financial Group reduced their target price on Mondi from GBX 1,100 to GBX 1,085 and set a “buy” rating for the company in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Mondi from GBX 760 to GBX 825 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 937.50.

Mondi Stock Down 0.9%

The stock has a market cap of £3.84 billion, a P/E ratio of -14.75, a P/E/G ratio of 0.76 and a beta of 0.61. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 62.05. The firm’s fifty day moving average is GBX 787.88 and its 200 day moving average is GBX 806.12.

Insider Activity

In other Mondi news, insider Mike Powell purchased 34 shares of the stock in a transaction dated Friday, August 7th. The shares were bought at an average cost of GBX 907 per share, with a total value of £308.38. Also, insider Andrew King acquired 34 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was acquired at an average price of GBX 907 per share, for a total transaction of £308.38. Over the last ninety days, insiders bought 192 shares of company stock worth $151,436. 0.20% of the stock is currently owned by company 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.