Powerflute Oyj (LON:POWR) insider Maria Teresa Aliu Presas purchased 20,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average cost of GBX 67 ($0.83) per share, for a total transaction of £13,400 ($16,584.16).

Powerflute Oyj (LON:POWR) opened at 89.25 on Tuesday. The company’s 50-day moving average price is GBX 83.09 and its 200-day moving average price is GBX 76.46. Powerflute Oyj has a 12-month low of GBX 62.00 and a 12-month high of GBX 100.98. The firm’s market capitalization is GBX 259.41 billion.

Separately, Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 105 ($1.30) target price on shares of Powerflute Oyj in a report on Monday, July 25th.

About Powerflute Oyj

Powerflute Oyj (Powerflute) is a paper and packaging company. The Company operates in two segments: Packaging Papers and Coreboard and Cores. Its Packaging Papers trades under the name Power flute, which is engaged in the production and sale of Nordic semi-chemical fluting for use in corrugated-box applications and operates a fluting mill in Kuopio, Finland.

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