Mike Powell Acquires 42 Shares of Mondi (LON:MNDI) Stock

Mondi plc (LON:MNDI) insider Mike Powell bought 42 shares of Mondi stock in a transaction dated Tuesday, July 7th. The shares were bought at an average cost of GBX 710 per share, with a total value of £298.20.

Mike Powell also recently made the following trade(s):

• On Friday, June 5th, Mike Powell purchased 20 shares of Mondi stock. The shares were bought at an average price of GBX 753 per share, with a total value of £150.60.
• On Friday, May 8th, Mike Powell purchased 19 shares of Mondi stock. The stock was bought at an average cost of GBX 785 per share, for a total transaction of £149.15.
• On Thursday, April 9th, Mike Powell acquired 34 shares of Mondi stock. The stock was purchased at an average price of GBX 860 per share, for a total transaction of £292.40.

Mondi Stock Performance

LON MNDI traded down GBX 16.30 on Wednesday, hitting GBX 687.70. 122,276,141 shares of the stock traded hands, compared to its average volume of 14,677,580. The business’s fifty day moving average is GBX 736.83 and its two-hundred day moving average is GBX 825.74. Mondi plc has a 12 month low of GBX 667 and a 12 month high of GBX 1,219.50. The firm has a market capitalization of £3.03 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 0.76 and a beta of 0.58. The company has a debt-to-equity ratio of 60.89, a quick ratio of 1.14 and a current ratio of 1.53.

Wall Street Analyst Weigh In

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

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.