Mondi (LON:MNDI) Insider Buys £149.15 in Stock

Mondi plc (LON:MNDI) insider Mike Powell purchased 19 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of GBX 785 per share, for a total transaction of £149.15.

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

• On Thursday, April 9th, Mike Powell acquired 34 shares of Mondi stock. The shares were bought at an average price of GBX 860 per share, with a total value of £292.40.
• On Friday, March 6th, Mike Powell acquired 36 shares of Mondi stock. The shares were bought at an average cost of GBX 861 per share, with a total value of £309.96.
• On Thursday, February 26th, Mike Powell sold 20,307 shares of Mondi stock. The stock was sold at an average price of GBX 880, for a total transaction of £178,701.60.

Mondi Price Performance

Shares of Mondi stock traded down GBX 14.35 during mid-day trading on Monday, reaching GBX 767.80. 993,761 shares of the stock were exchanged, compared to its average volume of 11,918,874. The company has a market cap of £3.38 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 0.76 and a beta of 0.56. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 64.04. The firm has a 50-day simple moving average of GBX 833.42 and a 200 day simple moving average of GBX 861.65. Mondi plc has a fifty-two week low of GBX 728.20 and a fifty-two week high of GBX 1,250.50.

Wall Street Analyst Weigh In

MNDI has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 760 target price on shares of Mondi in a research note on Monday. JPMorgan Chase & Co. increased their price target on Mondi from GBX 990 to GBX 1,040 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Finally, Citigroup cut their price objective on Mondi from GBX 1,000 to GBX 940 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 1,035.

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.