Mondi (LON:MNDI) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Mondi plc (LON:MNDI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 799.15 and traded as high as GBX 838.80. Mondi shares last traded at GBX 836.40, with a volume of 88,481,750 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Mondi from GBX 820 to GBX 1,040 and gave the company a “buy” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. lowered their price objective on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating for the company in a research report on Friday, July 31st. Jefferies Financial Group dropped their target price on shares of 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 lifted their target price on shares of Mondi from GBX 760 to GBX 825 and gave the company a “hold” rating in a 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, Mondi has an average rating of “Moderate Buy” and an average price target of GBX 937.50.

Mondi Stock Up 0.8%

The company has a market capitalization of £3.72 billion, a PE ratio of -14.32, a PEG 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 business has a fifty day moving average of GBX 827.50 and a 200 day moving average of GBX 798.85.

Insider Activity

In other Mondi news, insider Andrew King acquired 34 shares of the stock in a transaction dated Monday, September 7th. The stock was acquired at an average price of GBX 844 per share, with a total value of £286.96. Also, insider Mike Powell acquired 34 shares of the company’s stock in a transaction that occurred on Monday, September 7th. The stock was acquired at an average price of GBX 844 per share, with a total value of £286.96. Insiders have bought 220 shares of company stock worth $178,708 in the last three months. Corporate insiders own 0.20% of the company’s stock.

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.