Insider Buying: Mondi (LON:MNDI) Insider Purchases £150.29 in Stock

Mondi plc (LON:MNDI) insider Mike Powell bought 19 shares of the stock in a transaction on Wednesday, October 7th. The stock was purchased at an average cost of GBX 791 per share, for a total transaction of £150.29.

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

• On Monday, September 7th, Mike Powell purchased 34 shares of Mondi stock. The stock was purchased at an average price of GBX 844 per share, with a total value of £286.96.
• On Friday, August 7th, Mike Powell purchased 34 shares of Mondi stock. The shares were purchased at an average cost of GBX 907 per share, with a total value of £308.38.

Mondi Trading Up 3.0%

LON:MNDI opened at GBX 788 on Friday. The stock has a fifty day simple moving average of GBX 847.92 and a 200-day simple moving average of GBX 796.02. Mondi plc has a 52-week low of GBX 660 and a 52-week high of GBX 981.40. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 62.05. The company has a market capitalization of £3.47 billion, a PE ratio of -13.36, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61.

Analysts Set New Price Targets

Several equities analysts recently commented on MNDI shares. Jefferies Financial Group reduced their price target on Mondi from GBX 1,085 to GBX 1,080 and set a “buy” rating on the stock in a research report on Friday, September 25th. JPMorgan Chase & Co. reduced their price target on Mondi from GBX 840 to GBX 800 and set a “neutral” rating for the company in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on Mondi from GBX 760 to GBX 825 and gave the stock a “hold” rating in a report on Monday, August 3rd. Finally, Citigroup upped their target price on Mondi from GBX 820 to GBX 1,040 and gave the company a “buy” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 936.25.

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.