Mondi (LON:MNDI) Stock Price Crosses Above 200-Day Moving Average of $1,658.89

Shares of Mondi Plc (LON:MNDI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1,658.89 and traded as high as $1,665.67. Mondi shares last traded at $1,653.50, with a volume of 1,521,376 shares trading hands.

MNDI has been the subject of several analyst reports. Credit Suisse Group cut their price target on shares of Mondi from GBX 2,000 ($26.13) to GBX 1,910 ($24.96) and set an “outperform” rating for the company in a report on Monday, October 14th. JPMorgan Chase & Co. cut their price target on shares of Mondi from GBX 2,070 ($27.05) to GBX 2,000 ($26.13) and set an “overweight” rating for the company in a report on Monday, August 5th. UBS Group reissued a “buy” rating on shares of Mondi in a report on Wednesday, November 13th. Morgan Stanley cut their price target on shares of Mondi from GBX 2,020 ($26.39) to GBX 1,915 ($25.02) and set an “overweight” rating for the company in a report on Monday, October 28th. Finally, Deutsche Bank cut their price target on shares of Mondi from GBX 2,000 ($26.13) to GBX 1,950 ($25.48) and set a “buy” rating for the company in a report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 1,932.14 ($25.25).

The company has a debt-to-equity ratio of 58.89, a quick ratio of 0.81 and a current ratio of 1.47. The stock has a market cap of $8.06 billion and a price-to-earnings ratio of 10.34. The firm’s 50-day simple moving average is GBX 1,608.25 and its two-hundred day simple moving average is GBX 1,658.10.

Mondi Company Profile (LON:MNDI)

Mondi plc manufactures and sells packaging and paper products in the United Kingdom, Africa, Europe, Russia, North America, South America, Asia, and Australia. The company offers flexible packaging, bags, and pouches; personal care components; release liners; technical films; corrugated packaging; industrial bags; barrier coatings; specialty Kraft paper; sack Kraft paper; containerboards; office and professional printing papers; and paper for sustainable and promotional events, as well as product training courses.

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