Mondi (LON:MNDI) Insider Mike Powell Purchases 17 Shares

Mondi plc (LON:MNDI) insider Mike Powell bought 17 shares of the business’s stock in a transaction on Friday, December 5th. The shares were purchased at an average cost of GBX 874 per share, with a total value of £148.58.

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

• On Friday, November 7th, Mike Powell purchased 18 shares of Mondi stock. The stock was acquired at an average cost of GBX 815 per share, for a total transaction of £146.70.
• On Tuesday, October 7th, Mike Powell acquired 18 shares of Mondi stock. The stock was acquired at an average price of GBX 871 per share, for a total transaction of £156.78.
• On Tuesday, October 7th, Mike Powell acquired 10,000 shares of Mondi stock. The shares were acquired at an average cost of GBX 874 per share, with a total value of £87,400.

Mondi Price Performance

Shares of LON:MNDI opened at GBX 858.20 on Tuesday. The company has a market cap of £3.78 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 0.76 and a beta of 0.68. The business has a 50 day moving average price of GBX 859.94 and a 200 day moving average price of GBX 1,028.14. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00. Mondi plc has a twelve month low of GBX 801.60 and a twelve month high of GBX 1,338.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MNDI shares. Jefferies Financial Group reduced their price objective on Mondi from GBX 1,700 to GBX 1,400 and set a “buy” rating for the company in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Mondi from GBX 840 to GBX 970 and gave the company a “neutral” rating in a research note on Friday. Finally, Citigroup decreased their price target on shares of Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 1,206.67.

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.