Insider Selling: Mondi Plc (MNDI) Insider Sells 65,000 Shares of Stock
Mondi Plc (LON:MNDI) insider David A. Hathorn sold 65,000 shares of the business’s stock in a transaction on Tuesday, October 18th. The shares were sold at an average price of GBX 1,619 ($19.73), for a total transaction of £1,052,350 ($1,282,571.60).
Mondi Plc (LON:MNDI) traded up 1.05% on Wednesday, reaching GBX 1630.00. The company had a trading volume of 1,085,331 shares. Mondi Plc has a 12-month low of GBX 1,108.00 and a 12-month high of GBX 1,702.00. The stock’s 50 day moving average price is GBX 1,612.39 and its 200-day moving average price is GBX 1,449.80. The stock’s market capitalization is GBX 7.89 billion.
A number of equities research analysts have issued reports on MNDI shares. Deutsche Bank AG reissued a “buy” rating and set a GBX 1,700 ($20.72) target price on shares of Mondi Plc in a report on Tuesday, July 26th. Jefferies Group reissued a “buy” rating and set a GBX 1,800 ($21.94) target price on shares of Mondi Plc in a report on Tuesday, July 5th. Goodbody reissued a “buy” rating on shares of Mondi Plc in a report on Thursday, August 4th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 1,500 ($18.28) target price on shares of Mondi Plc in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Mondi Plc has an average rating of “Buy” and an average target price of GBX 1,689.44 ($20.59).
About Mondi Plc
Mondi plc is a United Kingdom-based packaging and paper company. The Company is engaged in managing forests and producing pulp, paper and compound plastics for industrial and consumer packaging. The Company and Mondi Limited, under a dual listed company (DLC) structure, operate together as a single economic entity.
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