Mike Powell Acquires 18 Shares of Mondi (LON:MNDI) Stock

Mondi plc (LON:MNDI) insider Mike Powell bought 18 shares of the company’s stock in a transaction on Friday, November 7th. The stock was purchased at an average cost of GBX 815 per share, for a total transaction of £146.70.

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

• On Tuesday, October 7th, Mike Powell bought 18 shares of Mondi stock. The shares were acquired at an average price of GBX 871 per share, with a total value of £156.78.
• On Tuesday, October 7th, Mike Powell bought 10,000 shares of Mondi stock. The shares were acquired at an average cost of GBX 874 per share, with a total value of £87,400.

Mondi Stock Performance

Shares of Mondi stock traded up GBX 3.40 on Monday, hitting GBX 822.40. 4,817,714 shares of the company’s stock were exchanged, compared to its average volume of 6,068,599. 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 stock has a market capitalization of £3.62 billion, a PE ratio of 19.04, a PEG ratio of 0.76 and a beta of 0.68. Mondi plc has a 1 year low of GBX 801.60 and a 1 year high of GBX 1,338. The company has a 50-day simple moving average of GBX 927.78 and a 200-day simple moving average of GBX 1,074.94.

Analysts Set New Price Targets

MNDI has been the topic of a number of recent analyst reports. Citigroup decreased their target price on shares of Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Jefferies Financial Group cut their price objective on shares of Mondi from GBX 1,700 to GBX 1,400 and set a “buy” rating for the company in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Mondi from GBX 1,180 to GBX 840 and set a “neutral” rating on the stock in a report on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,163.33.

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.