Mondi (LON:MNDI) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?
by Mitch Edgeman · The Markets DailyMondi plc (LON:MNDI – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 877.29 and traded as high as GBX 878.60. Mondi shares last traded at GBX 860.41, with a volume of 950,708 shares changing hands.
Wall Street Analyst Weigh In
Several research firms have recently commented on MNDI. JPMorgan Chase & Co. boosted their price target on shares of Mondi from GBX 900 to GBX 990 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Citigroup decreased their price target on shares of Mondi from GBX 1,250 to GBX 1,030 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Mondi presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,140.
Check Out Our Latest Research Report on MNDI
Mondi Stock Up 0.8%
The stock has a market capitalization of £3.79 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 0.76 and a beta of 0.65. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 64.04. The company’s 50-day moving average is GBX 867.09 and its 200 day moving average is GBX 876.32.
Insider Activity at Mondi
In related news, insider Andrew King sold 34,403 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total value of £302,746.40. Also, insider Mike Powell sold 20,307 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total transaction of £178,701.60. Insiders purchased a total of 140 shares of company stock valued at $120,472 over the last ninety days. 0.20% of the stock is currently owned by 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.