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

Mondi plc (LON:MNDI) insider Mike Powell acquired 18 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were bought at an average cost of GBX 815 per share, with a total value 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 stock was purchased at an average cost of GBX 871 per share, for a total transaction of £156.78.
• On Tuesday, October 7th, Mike Powell purchased 10,000 shares of Mondi stock. The shares were purchased at an average price of GBX 874 per share, with a total value of £87,400.

Mondi Trading Up 0.5%

Shares of MNDI opened at GBX 822.87 on Tuesday. The stock has a market capitalization of £3.63 billion, a P/E ratio of 19.05, a PEG ratio of 0.76 and a beta of 0.68. Mondi plc has a twelve month low of GBX 801.60 and a twelve month high of GBX 1,338. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00. The firm has a fifty day simple moving average of GBX 923.59 and a two-hundred day simple moving average of GBX 1,072.81.

Analyst Ratings Changes

A number of research firms have recently weighed in on MNDI. Jefferies Financial Group dropped their target price 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. Citigroup dropped their price objective on Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. cut their price objective on Mondi from GBX 1,180 to GBX 840 and set a “neutral” rating on the stock in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,163.33.

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.