Mondi (LON:MNDI) Insider Acquires £286.96 in Stock

Mondi plc (LON:MNDI) insider Mike Powell bought 34 shares of the firm’s stock in a transaction dated Monday, September 7th. The shares were purchased at an average price of GBX 844 per share, with a total value of £286.96.

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

• On Friday, August 7th, Mike Powell purchased 34 shares of Mondi stock. The stock was acquired at an average price of GBX 907 per share, for a total transaction of £308.38.
• On Tuesday, July 7th, Mike Powell purchased 42 shares of Mondi stock. The stock was acquired at an average price of GBX 710 per share, for a total transaction of £298.20.

Mondi Trading Down 0.7%

Shares of MNDI stock opened at GBX 826 on Friday. The stock has a market cap of £3.64 billion, a price-to-earnings ratio of -14.00, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 62.05. Mondi plc has a fifty-two week low of GBX 660 and a fifty-two week high of GBX 1,058. The firm’s 50 day moving average price is GBX 817.40 and its two-hundred day moving average price is GBX 800.45.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MNDI. JPMorgan Chase & Co. lowered their price target on Mondi from GBX 840 to GBX 800 and set a “neutral” rating for the company in a report on Friday, July 31st. Citigroup upped their target price on Mondi from GBX 820 to GBX 1,040 and gave the stock a “buy” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft raised their target price on Mondi from GBX 760 to GBX 825 and gave the company a “hold” rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group decreased their price target on Mondi from GBX 1,100 to GBX 1,085 and set a “buy” rating for the company in a report on Friday, July 31st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 937.50.

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.