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

Mondi plc (LON:MNDI) insider Mike Powell bought 20 shares of the stock in a transaction that occurred on Friday, November 6th. The shares were acquired at an average cost of GBX 776 per share, with a total value of £155.20.

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

• On Wednesday, October 7th, Mike Powell bought 19 shares of Mondi stock. The shares were bought at an average price of GBX 791 per share, for a total transaction of £150.29.
• On Monday, September 7th, Mike Powell purchased 34 shares of Mondi stock. The stock was bought at an average cost of GBX 844 per share, for a total transaction of £286.96.

Mondi Stock Up 0.1%

MNDI traded up GBX 0.40 during trading on Monday, reaching GBX 792. The company had a trading volume of 237,468 shares, compared to its average volume of 9,826,615. The company has a debt-to-equity ratio of 62.05, a current ratio of 1.55 and a quick ratio of 1.14. Mondi plc has a 12 month low of GBX 660 and a 12 month high of GBX 981.40. The business’s fifty day moving average price is GBX 803.27 and its 200 day moving average price is GBX 810.43. The company has a market cap of £3.49 billion, a P/E ratio of -13.42, a PEG ratio of 0.76 and a beta of 0.61.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,080 price objective on shares of Mondi in a research report on Thursday, October 15th. JPMorgan Chase & Co. reduced their target price on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating for the company in a research note on Friday, July 31st. Citigroup increased their target price on Mondi from GBX 820 to GBX 1,040 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 936.25.

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.