Mondi (LON:MNDI) Insider Mike Powell Buys 34 Shares

Mondi plc (LON:MNDI) insider Mike Powell acquired 34 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was purchased at an average cost of GBX 860 per share, for a total transaction of £292.40.

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

• On Friday, March 6th, Mike Powell bought 36 shares of Mondi stock. The stock was bought at an average cost of GBX 861 per share, for a total transaction of £309.96.
• On Thursday, February 26th, Mike Powell sold 20,307 shares of Mondi stock. The shares were sold at an average price of GBX 880, for a total transaction of £178,701.60.

Mondi Trading Up 0.8%

LON MNDI opened at GBX 860.60 on Friday. The company has a debt-to-equity ratio of 64.04, a current ratio of 1.53 and a quick ratio of 1.14. The firm’s fifty day moving average price is GBX 867.09 and its 200 day moving average price is GBX 876.32. The company has a market capitalization of £3.79 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 0.76 and a beta of 0.65. Mondi plc has a 12 month low of GBX 776 and a 12 month high of GBX 1,250.50.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MNDI. Citigroup dropped their target price on shares of Mondi from GBX 1,250 to GBX 1,030 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. JPMorgan Chase & Co. increased their target price on shares of Mondi from GBX 900 to GBX 990 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,140.

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. The Corrugated Packaging segment provides virgin and recycled containerboards for fresh fruit packaging and heavy and fragile goods transport packaging applications; and corrugated solutions, such as corrugated boxes and packaging products.