Insider Buying: Mondi (LON:MNDI) Insider Buys £155.20 in Stock

Mondi plc (LON:MNDI) insider Mike Powell acquired 20 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was acquired at an average cost of GBX 776 per share, for a total transaction 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 acquired at an average price of GBX 791 per share, with a total value of £150.29.
• On Monday, September 7th, Mike Powell bought 34 shares of Mondi stock. The shares were acquired at an average price of GBX 844 per share, with a total value of £286.96.

Mondi Stock Up 0.1%

Mondi stock traded up GBX 0.40 during mid-day trading on Monday, reaching GBX 792. The company’s stock had a trading volume of 237,468 shares, compared to its average volume of 9,826,615. The company has a market capitalization of £3.49 billion, a price-to-earnings ratio of -13.42, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61. Mondi plc has a 12 month low of GBX 660 and a 12 month high of GBX 981.40. The business’s 50 day simple moving average is GBX 803.27 and its 200 day simple moving average is GBX 810.43. The company has a debt-to-equity ratio of 62.05, a quick ratio of 1.14 and a current ratio of 1.55.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MNDI shares. Citigroup increased their price objective on shares of Mondi from GBX 820 to GBX 1,040 and gave the stock a “buy” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. lowered their target price on Mondi from GBX 840 to GBX 800 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft upped their target price on Mondi from GBX 760 to GBX 825 and gave the stock a “hold” rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 1,080 price target on shares of Mondi in a research report on Thursday, October 15th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently 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.