Insider Buying: Mondi (LON:MNDI) Insider Buys £156.78 in Stock

Mondi plc (LON:MNDI) insider Mike Powell acquired 18 shares of the firm’s stock in a transaction on Tuesday, October 7th. The stock was purchased at an average price of GBX 871 per share, with a total value of £156.78.

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

• On Tuesday, October 7th, Mike Powell purchased 10,000 shares of Mondi stock. The shares were acquired at an average price of GBX 874 per share, for a total transaction of £87,400.
• On Thursday, August 7th, Mike Powell purchased 14 shares of Mondi stock. The shares were acquired at an average price of GBX 1,061 per share, for a total transaction of £148.54.

Mondi Trading Down 3.5%

Shares of LON:MNDI opened at GBX 824.20 on Friday. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14. The firm has a market capitalization of £3.63 billion, a price-to-earnings ratio of 1,907.87, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. Mondi plc has a 1 year low of GBX 824.20 and a 1 year high of GBX 1,477.50. The business’s 50 day moving average price is GBX 1,018.26 and its 200-day moving average price is GBX 1,111.91.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Citigroup decreased their price objective on shares of Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating on the stock in a report on Tuesday. Jefferies Financial Group decreased their target price on Mondi from GBX 1,700 to GBX 1,400 and set a “buy” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on Mondi from GBX 1,460 to GBX 1,240 and set an “overweight” rating on the stock in a research report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Mondi currently has a consensus rating of “Buy” and a consensus price target of GBX 1,296.67.

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.