Mondi (LON:MNDI) Insider Purchases £298.20 in Stock

Mondi plc (LON:MNDI) insider Mike Powell acquired 42 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were bought at an average price of GBX 710 per share, for a total transaction of £298.20.

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

• On Friday, June 5th, Mike Powell bought 20 shares of Mondi stock. The stock was bought at an average price of GBX 753 per share, with a total value of £150.60.
• On Friday, May 8th, Mike Powell bought 19 shares of Mondi stock. The shares were bought at an average cost of GBX 785 per share, with a total value of £149.15.
• On Thursday, April 9th, Mike Powell purchased 34 shares of Mondi stock. The shares were bought at an average price of GBX 860 per share, for a total transaction of £292.40.

Mondi Price Performance

Shares of Mondi stock traded down GBX 16.30 on Wednesday, reaching GBX 687.70. The stock had a trading volume of 122,276,141 shares, compared to its average volume of 14,677,580. The business’s 50 day moving average is GBX 736.83 and its two-hundred day moving average is GBX 825.74. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 60.89. Mondi plc has a 1 year low of GBX 667 and a 1 year high of GBX 1,219.50. The company has a market cap of £3.03 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 0.76 and a beta of 0.58.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MNDI shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 760 price target on shares of Mondi in a research report on Monday, May 11th. Citigroup dropped their price target on Mondi from GBX 1,000 to GBX 940 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of Mondi from GBX 990 to GBX 1,040 and gave the company a “neutral” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,035.

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.