Mondi (LON:MNDI) Insider Buys £155.20 in Stock

Mondi plc (LON:MNDI) insider Mike Powell acquired 20 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was purchased at an average cost of GBX 776 per share, for a total transaction of £155.20.

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

• On Wednesday, October 7th, Mike Powell purchased 19 shares of Mondi stock. The stock was acquired at an average price of GBX 791 per share, for a total transaction of £150.29.
• On Monday, September 7th, Mike Powell purchased 34 shares of Mondi stock. The shares were acquired at an average cost of GBX 844 per share, with a total value of £286.96.

Mondi Stock Performance

MNDI opened at GBX 784.80 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 62.05. Mondi plc has a 12-month low of GBX 660 and a 12-month high of GBX 981.40. The firm has a 50 day moving average of GBX 798.39 and a two-hundred day moving average of GBX 809.16. The firm has a market capitalization of £3.46 billion, a PE ratio of -13.30, a P/E/G ratio of 0.76 and a beta of 0.61.

Analyst Ratings Changes

Several brokerages recently issued reports on MNDI. Citigroup raised their target price on shares of Mondi from GBX 820 to GBX 1,040 and gave the stock a “buy” rating in a report on Monday, August 10th. JPMorgan Chase & Co. cut their price target on Mondi from GBX 840 to GBX 800 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,080 price objective on shares of Mondi in a research note on Thursday, October 15th. Finally, Deutsche Bank boosted their price objective on Mondi from GBX 760 to GBX 825 and gave the company a “hold” rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 936.25.

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.