Mondi (LON:MNDI) Insider Mike Powell Acquires 10,000 Shares of Stock

Mondi plc (LON:MNDI) insider Mike Powell acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was purchased at an average price of GBX 874 per share, with a total value of £87,400.

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

• On Thursday, August 7th, Mike Powell bought 14 shares of Mondi stock. The stock was purchased at an average price of GBX 1,061 per share, for a total transaction of £148.54.

Mondi Stock Performance

MNDI opened at GBX 837.20 on Wednesday. The company has a market cap of £3.69 billion, a PE ratio of 1,937.96, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The stock has a 50-day moving average of GBX 1,032.39 and a 200-day moving average of GBX 1,118.94. Mondi plc has a 52-week low of GBX 837.20 and a 52-week high of GBX 1,477.50. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MNDI shares. JPMorgan Chase & Co. dropped their price target on Mondi from GBX 1,460 to GBX 1,240 and set an “overweight” rating for the company in a report on Monday, August 11th. Citigroup dropped their price target on Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 1,245.

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.