Insider Buying: Mondi (LON:MNDI) Insider Buys £308.38 in Stock

Mondi plc (LON:MNDI) insider Mike Powell bought 34 shares of the company’s stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of GBX 907 per share, for a total transaction of £308.38.

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

• On Tuesday, July 7th, Mike Powell purchased 42 shares of Mondi stock. The shares were acquired at an average cost of GBX 710 per share, with a total value of £298.20.
• On Friday, June 5th, Mike Powell purchased 20 shares of Mondi stock. The shares were acquired at an average cost of GBX 753 per share, with a total value of £150.60.

Mondi Price Performance

Shares of LON:MNDI opened at GBX 880.40 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 62.05. The stock has a market capitalization of £3.88 billion, a PE ratio of -14.92, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61. The firm’s 50 day moving average price is GBX 761 and its 200-day moving average price is GBX 806.99. Mondi plc has a twelve month low of GBX 660 and a twelve month high of GBX 1,083.

Analyst Upgrades and Downgrades

MNDI has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Jefferies Financial Group reduced their price objective on Mondi from GBX 1,100 to GBX 1,085 and set a “buy” rating for the company in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised their target price on Mondi from GBX 760 to GBX 825 and gave the stock a “hold” rating in a report on Monday, August 3rd. Finally, Citigroup lifted their target price on Mondi from GBX 820 to GBX 1,040 and gave the company a “buy” rating in a research report on Monday. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 937.50.

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.