Insider Buying: Mondi (LON:MNDI) Insider Buys 34 Shares of Stock

Mondi plc (LON:MNDI) insider Mike Powell purchased 34 shares of the business’s stock in a transaction on Monday, September 7th. The stock was purchased at an average cost of GBX 844 per share, with a total value of £286.96.

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

• On Friday, August 7th, Mike Powell bought 34 shares of Mondi stock. The stock was purchased at an average price of GBX 907 per share, with a total value of £308.38.
• On Tuesday, July 7th, Mike Powell bought 42 shares of Mondi stock. The stock was purchased at an average cost of GBX 710 per share, with a total value of £298.20.

Mondi Stock Performance

MNDI traded up GBX 6.80 during trading on Tuesday, reaching GBX 843.80. 1,358,032 shares of the company’s stock were exchanged, compared to its average volume of 10,588,806. The business has a 50 day moving average price of GBX 808.48 and a 200 day moving average price of GBX 802.54. The company has a market capitalization of £3.72 billion, a P/E ratio of -14.30, a PEG ratio of 0.76 and a beta of 0.61. Mondi plc has a fifty-two week low of GBX 660 and a fifty-two week high of GBX 1,058. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 62.05.

Analysts Set New Price Targets

Several research analysts have issued reports on MNDI shares. Citigroup increased their price objective on Mondi from GBX 820 to GBX 1,040 and gave the stock a “buy” rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mondi from GBX 760 to GBX 825 and gave the company a “hold” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating for the company in a report on Friday, July 31st. Finally, Jefferies Financial Group decreased their price target on Mondi from GBX 1,100 to GBX 1,085 and set a “buy” rating on the stock in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 937.50.

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.