Mondi (LON:MNDI) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Mondi plc (LON:MNDI)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 825.74 and traded as low as GBX 702.20. Mondi shares last traded at GBX 705.21, with a volume of 558,916 shares trading hands.

Analyst Ratings Changes

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

Mondi Price Performance

The stock has a 50-day moving average of GBX 736.83 and a two-hundred day moving average of GBX 825.74. The firm has a market cap of £3.07 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 0.76 and a beta of 0.58. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 60.89.

Insiders Place Their Bets

In other news, insider Andrew King purchased 34 shares of Mondi stock in a transaction that occurred on Thursday, April 9th. The stock was acquired at an average price of GBX 860 per share, for a total transaction of £292.40. Also, insider Stephen G. Young purchased 5,000 shares of Mondi stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average price of GBX 749 per share, with a total value of £37,450. Insiders bought a total of 5,146 shares of company stock worth $3,863,430 over the last ninety days. 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.