Insider Buying: Mondi (LON:MNDI) Insider Purchases £149.94 in Stock

Mondi plc (LON:MNDI) insider Mike Powell purchased 17 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were purchased at an average price of GBX 882 per share, with a total value of £149.94.

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

• On Friday, December 5th, Mike Powell acquired 17 shares of Mondi stock. The stock was purchased at an average cost of GBX 874 per share, for a total transaction of £148.58.
• On Friday, November 7th, Mike Powell acquired 18 shares of Mondi stock. The shares were purchased at an average cost of GBX 815 per share, for a total transaction of £146.70.

Mondi Stock Up 1.1%

LON MNDI opened at GBX 913.33 on Monday. The stock has a 50 day moving average price of GBX 869.91 and a 200-day moving average price of GBX 977.04. Mondi plc has a one year low of GBX 801.60 and a one year high of GBX 1,338. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06. The company has a market capitalization of £4.02 billion, a P/E ratio of 21.14, a P/E/G ratio of 0.76 and a beta of 0.68.

Wall Street Analysts Forecast Growth

MNDI has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Mondi from GBX 840 to GBX 970 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Citigroup lowered their price target on shares of Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, Jefferies Financial Group dropped their price target on Mondi from GBX 1,700 to GBX 1,400 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,206.67.

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.