Insider Selling: Mondi (LON:MNDI) Insider Sells £178,701.60 in Stock

Mondi plc (LON:MNDI) insider Mike Powell sold 20,307 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total transaction of £178,701.60.

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

• On Thursday, January 8th, Mike Powell bought 17 shares of Mondi stock. The stock was bought at an average cost of GBX 882 per share, with a total value of £149.94.
• On Friday, December 5th, Mike Powell bought 17 shares of Mondi stock. The stock was bought at an average price of GBX 874 per share, for a total transaction of £148.58.

Mondi Stock Performance

Shares of MNDI stock opened at GBX 882.05 on Monday. The stock has a market capitalization of £3.89 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.76 and a beta of 0.68. Mondi plc has a one year low of GBX 801.60 and a one year high of GBX 1,296.50. The company’s 50-day simple moving average is GBX 899.71 and its 200-day simple moving average is GBX 914.81. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price target on Mondi from GBX 840 to GBX 970 and gave the company a “neutral” rating in a report on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,206.67.

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.