Mondi (LON:MNDI) Insider Mike Powell Acquires 36 Shares

Mondi plc (LON:MNDI) insider Mike Powell purchased 36 shares of the business’s stock in a transaction on Friday, March 6th. The stock was bought at an average cost 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 shares were sold at an average price of GBX 880, for a total transaction of £178,701.60.
• On Thursday, January 8th, Mike Powell acquired 17 shares of Mondi stock. The shares were bought at an average cost of GBX 882 per share, with a total value of £149.94.

Mondi Price Performance

Shares of LON MNDI traded down GBX 31.91 during mid-day trading on Monday, reaching GBX 822.60. 2,357,780 shares of the company were exchanged, compared to its average volume of 10,380,693. Mondi plc has a 52 week low of GBX 801.60 and a 52 week high of GBX 1,291.50. The company’s 50 day moving average price is GBX 895.42 and its 200 day moving average price is GBX 907.04. The stock has a market capitalization of £3.62 billion, a PE ratio of 21.99, a PEG ratio of 0.76 and a beta of 0.69. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 64.04.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MNDI shares. JPMorgan Chase & Co. upped their price objective on Mondi from GBX 840 to GBX 970 and gave the stock a “neutral” rating in a report on Friday, December 5th. Citigroup dropped their target price on Mondi from GBX 1,250 to GBX 1,030 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mondi currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,133.33.

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.