Mike Powell Acquires 20 Shares of Mondi (LON:MNDI) Stock

Mondi plc (LON:MNDI) insider Mike Powell acquired 20 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of GBX 753 per share, with a total value of £150.60.

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

• On Friday, May 8th, Mike Powell purchased 19 shares of Mondi stock. The shares were acquired at an average price of GBX 785 per share, with a total value of £149.15.
• On Thursday, April 9th, Mike Powell bought 34 shares of Mondi stock. The stock was bought at an average cost of GBX 860 per share, for a total transaction of £292.40.

Mondi Trading Down 1.3%

Mondi stock traded down GBX 10 during trading on Monday, hitting GBX 738.80. The company had a trading volume of 2,576,839 shares, compared to its average volume of 11,171,262. The stock has a market cap of £3.26 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 0.76 and a beta of 0.57. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 64.04. Mondi plc has a 1-year low of GBX 722.40 and a 1-year high of GBX 1,250.50. The company’s 50 day simple moving average is GBX 795.45 and its 200-day simple moving average is GBX 848.23.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MNDI shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 760 target price on shares of Mondi in a report on Monday, May 11th. JPMorgan Chase & Co. upped their price objective on Mondi from GBX 990 to GBX 1,040 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Finally, Citigroup reduced their price objective on Mondi from GBX 1,000 to GBX 940 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mondi currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,035.

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.