Mondi plc (LON:MNDI – Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as GBX 719 and last traded at GBX 719.40, with a volume of 4109648 shares changing hands. The stock had previously closed at GBX 731.40.
Analyst Ratings Changes
MNDI has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 760 price target on shares of Mondi in a report on Monday, May 11th. Citigroup decreased their price target on shares of Mondi from GBX 1,000 to GBX 940 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Mondi from GBX 990 to GBX 1,040 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,035.
Get Our Latest Stock Report on MNDI
Mondi Stock Performance
Insider Buying and Selling at Mondi
In other Mondi news, insider Mike Powell bought 34 shares of the stock in a transaction on Thursday, April 9th. The shares were bought at an average price of GBX 860 per share, with a total value of £292.40. Also, insider Stephen G. Young bought 5,000 shares of the stock in a transaction on Monday, April 27th. The shares were acquired at an average cost of GBX 749 per share, for a total transaction of £37,450. Insiders have acquired a total of 5,146 shares of company stock valued at $3,863,430 in the last 90 days. 0.20% of the stock is currently owned by corporate 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.
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