Insider Buying: Mondi (LON:MNDI) Insider Acquires £150.29 in Stock

Mondi plc (LON:MNDI – Get Free Report) insider Mike Powell acquired 19 shares of the business’s stock in a transaction on Wednesday, October 7th. The stock was acquired at an average price of GBX 791 per share, for a total transaction of £150.29.

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

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• On Monday, September 7th, Mike Powell acquired 34 shares of Mondi stock. The shares were bought at an average price of GBX 844 per share, with a total value of £286.96.
• On Friday, August 7th, Mike Powell bought 34 shares of Mondi stock. The shares were acquired at an average price of GBX 907 per share, for a total transaction of £308.38.

Mondi Stock Performance

LON:MNDI traded down GBX 1.20 during mid-day trading on Thursday, reaching GBX 775.20. The company’s stock had a trading volume of 245,832 shares, compared to its average volume of 9,780,010. The firm’s fifty day moving average price is GBX 852.21 and its two-hundred day moving average price is GBX 796.38. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 62.05. The stock has a market cap of £3.42 billion, a P/E ratio of -13.14, a PEG ratio of 0.76 and a beta of 0.61. Mondi plc has a 12-month low of GBX 660 and a 12-month high of GBX 981.40.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Jefferies Financial Group decreased their target price on shares of Mondi from GBX 1,085 to GBX 1,080 and set a “buy” rating on the stock in a research note on Friday, September 25th. JPMorgan Chase & Co. reduced their price objective on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft increased their price target on Mondi from GBX 760 to GBX 825 and gave the company a “hold” rating in a research note on Monday, August 3rd. Finally, Citigroup boosted 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. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 936.25.

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Mondi Company Profile

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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.

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