Mondi (LON:MNDI) Insider Buys £308.38 in Stock

Mondi plc (LON:MNDI) insider Mike Powell purchased 34 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of GBX 907 per share, for a total transaction of £308.38.

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

• On Tuesday, July 7th, Mike Powell acquired 42 shares of Mondi stock. The stock was acquired at an average cost of GBX 710 per share, with a total value of £298.20.
• On Friday, June 5th, Mike Powell acquired 20 shares of Mondi stock. The stock was acquired at an average cost of GBX 753 per share, with a total value of £150.60.

Mondi Stock Down 1.3%

Shares of Mondi stock opened at GBX 899.91 on Tuesday. The company has a debt-to-equity ratio of 62.05, a current ratio of 1.55 and a quick ratio of 1.14. The stock has a market cap of £3.97 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 0.76 and a beta of 0.58. The firm’s 50-day moving average is GBX 752.14 and its two-hundred day moving average is GBX 806.50. Mondi plc has a 1 year low of GBX 660 and a 1 year high of GBX 1,083.

Analyst Upgrades and Downgrades

MNDI has been the topic of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of Mondi from GBX 1,100 to GBX 1,085 and set a “buy” rating on the stock in a research note on Friday, July 31st. JPMorgan Chase & Co. lowered their target price on Mondi from GBX 840 to GBX 800 and set a “neutral” rating for the company in a report on Friday, July 31st. Citigroup increased 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Mondi from GBX 760 to GBX 825 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 937.50.

Mondi Company Profile

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.