Mondi (LON:MNDI) Insider Purchases £309.96 in Stock

Mondi plc (LON:MNDI) insider Mike Powell purchased 36 shares of Mondi stock in a transaction dated Friday, March 6th. The stock was bought at an average price of GBX 861 per share, with a total value of £309.96.

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

• On Thursday, February 26th, Mike Powell sold 20,307 shares of Mondi stock. The stock was sold at an average price of GBX 880, for a total value of £178,701.60.
• On Thursday, January 8th, Mike Powell bought 17 shares of Mondi stock. The stock was bought at an average price of GBX 882 per share, with a total value of £149.94.

Mondi Price Performance

MNDI stock traded down GBX 31.91 during mid-day trading on Monday, reaching GBX 822.60. 2,357,780 shares of the company traded hands, compared to its average volume of 10,380,693. The company has a fifty day moving average price of GBX 895.42 and a 200-day moving average price of GBX 907.04. Mondi plc has a 52-week low of GBX 801.60 and a 52-week high of GBX 1,291.50. The company has a market capitalization of £3.62 billion, a P/E ratio of 21.99, a P/E/G ratio of 0.76 and a beta of 0.69. The company has a debt-to-equity ratio of 64.04, a current ratio of 1.53 and a quick ratio of 1.14.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citigroup lowered their target price on shares of Mondi from GBX 1,250 to GBX 1,030 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. JPMorgan Chase & Co. upped their price target on shares of Mondi from GBX 840 to GBX 970 and gave the stock a “neutral” rating in a report on Friday, December 5th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 1,133.33.

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.