Insider Buying: Mondi (LON:MNDI) Insider Acquires 17 Shares of Stock

Mondi plc (LON:MNDI) insider Mike Powell acquired 17 shares of the stock in a transaction dated Thursday, January 8th. The shares were bought at an average cost of GBX 882 per share, with a total value of £149.94.

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

• On Friday, December 5th, Mike Powell bought 17 shares of Mondi stock. The stock was purchased at an average cost of GBX 874 per share, for a total transaction of £148.58.
• On Friday, November 7th, Mike Powell purchased 18 shares of Mondi stock. The shares were purchased at an average price of GBX 815 per share, with a total value of £146.70.

Mondi Stock Up 1.0%

Shares of MNDI traded up GBX 9 during midday trading on Friday, reaching GBX 912.40. The stock had a trading volume of 2,732,368 shares, compared to its average volume of 1,205,309. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14. The company’s fifty day simple moving average is GBX 868.58 and its two-hundred day simple moving average is GBX 981.58. The company has a market cap of £4.02 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 0.76 and a beta of 0.68. Mondi plc has a 1-year low of GBX 801.60 and a 1-year high of GBX 1,338.

Analysts Set New Price Targets

MNDI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Mondi from GBX 840 to GBX 970 and gave the company a “neutral” rating in a report on Friday, December 5th. Jefferies Financial Group lowered their price target on Mondi from GBX 1,700 to GBX 1,400 and set a “buy” rating for the company in a report on Wednesday, October 8th. Finally, Citigroup dropped their price target on shares of Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mondi presently has an average rating of “Moderate Buy” and a consensus price target 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.