Mondi (LON:MNDI) Insider Mike Powell Sells 20,307 Shares

Mondi plc (LON:MNDI) insider Mike Powell sold 20,307 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total value of £178,701.60.

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

• On Thursday, January 8th, Mike Powell bought 17 shares of Mondi stock. The shares were acquired at an average price of GBX 882 per share, for a total transaction of £149.94.
• On Friday, December 5th, Mike Powell purchased 17 shares of Mondi stock. The shares were bought at an average price of GBX 874 per share, with a total value of £148.58.

Mondi Stock Performance

LON MNDI opened at GBX 882.05 on Friday. The company has a market capitalization of £3.89 billion, a PE ratio of 20.42, a price-to-earnings-growth 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. Mondi plc has a 52-week low of GBX 801.60 and a 52-week high of GBX 1,296.50. The company has a 50-day simple moving average of GBX 899.71 and a 200 day simple moving average of GBX 916.98.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price objective on Mondi from GBX 840 to GBX 970 and gave the company a “neutral” rating in a research note on Friday, December 5th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Mondi presently has a consensus rating of “Moderate Buy” and a consensus 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. 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.