Insider Buying: Mondi (LON:MNDI) Insider Buys £146.70 in Stock

Mondi plc (LON:MNDI) insider Mike Powell acquired 18 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average cost of GBX 815 per share, for a total transaction of £146.70.

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

• On Tuesday, October 7th, Mike Powell bought 18 shares of Mondi stock. The stock was purchased at an average cost of GBX 871 per share, with a total value of £156.78.
• On Tuesday, October 7th, Mike Powell bought 10,000 shares of Mondi stock. The stock was purchased at an average price of GBX 874 per share, for a total transaction of £87,400.

Mondi Price Performance

Mondi stock opened at GBX 857.40 on Thursday. The stock has a market capitalization of £3.78 billion, a P/E ratio of 19.85, a P/E/G ratio of 0.76 and a beta of 0.68. Mondi plc has a 12-month low of GBX 801.60 and a 12-month high of GBX 1,338. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14. The firm’s 50-day moving average is GBX 916.79 and its two-hundred day moving average is GBX 1,069.22.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Jefferies Financial Group lowered their target price on shares of Mondi from GBX 1,700 to GBX 1,400 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Citigroup lowered their price objective on Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. reduced their target price on Mondi from GBX 1,180 to GBX 840 and set a “neutral” rating on the stock in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,163.33.

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.