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

Mondi plc (LON:MNDI) insider Mike Powell bought 18 shares of the stock in a transaction dated Tuesday, October 7th. The shares were acquired 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 bought 10,000 shares of Mondi stock. The shares were acquired at an average price of GBX 874 per share, with a total value of £87,400.
• On Thursday, August 7th, Mike Powell bought 14 shares of Mondi stock. The shares were acquired at an average price of GBX 1,061 per share, with a total value of £148.54.

Mondi Price Performance

MNDI stock opened at GBX 847.91 on Thursday. The firm has a 50 day moving average price of GBX 1,026.01 and a 200-day moving average price of GBX 1,117.07. Mondi plc has a 52-week low of GBX 830.40 and a 52-week high of GBX 1,477.50. The firm has a market capitalization of £3.74 billion, a price-to-earnings ratio of 1,962.75, a PEG ratio of 0.76 and a beta of 0.68. 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

Several research firms have recently issued reports on MNDI. JPMorgan Chase & Co. lowered their target price on shares of 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 reduced their price target on shares of Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating for the company in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus 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.