Insider Buying: Mondi (LON:MNDI) Insider Purchases 20 Shares of Stock

Mondi plc (LON:MNDI) insider Mike Powell purchased 20 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were acquired at an average cost of GBX 753 per share, with a total value of £150.60.

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

• On Friday, May 8th, Mike Powell acquired 19 shares of Mondi stock. The stock was acquired at an average price of GBX 785 per share, for a total transaction of £149.15.
• On Thursday, April 9th, Mike Powell bought 34 shares of Mondi stock. The shares were acquired at an average cost of GBX 860 per share, for a total transaction of £292.40.

Mondi Stock Down 1.3%

MNDI traded down GBX 10 on Monday, reaching GBX 738.80. The company’s stock had a trading volume of 2,576,839 shares, compared to its average volume of 11,171,262. The company has a market capitalization of £3.26 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 0.76 and a beta of 0.57. Mondi plc has a fifty-two week low of GBX 722.40 and a fifty-two week high of GBX 1,250.50. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 64.04. The stock has a 50 day moving average of GBX 795.45 and a two-hundred day moving average of GBX 848.23.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of Mondi from GBX 1,000 to GBX 940 and set a “buy” rating for the company in a research report on Tuesday, April 28th. JPMorgan Chase & Co. upped their target price on Mondi from GBX 990 to GBX 1,040 and gave the company a “neutral” rating in a research report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 760 price target on shares of Mondi in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,035.

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.