Mondi (LON:MNDI) Insider Mike Powell Buys 36 Shares of Stock

Mondi plc (LON:MNDI) insider Mike Powell acquired 36 shares of Mondi stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average price of GBX 861 per share, with a total value of £309.96.

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

• 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.
• On Thursday, January 8th, Mike Powell bought 17 shares of Mondi stock. The stock was purchased at an average price of GBX 882 per share, with a total value of £149.94.

Mondi Price Performance

LON MNDI opened at GBX 814.40 on Tuesday. The firm’s fifty day simple moving average is GBX 893.62 and its two-hundred day simple moving average is GBX 905.31. The firm has a market capitalization of £3.59 billion, a P/E ratio of 21.78, a P/E/G ratio of 0.76 and a beta of 0.69. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 64.04. Mondi plc has a 12-month low of GBX 801.60 and a 12-month high of GBX 1,291.50.

Wall Street Analyst Weigh In

A number of research firms have commented on MNDI. Citigroup decreased their price target on Mondi from GBX 1,250 to GBX 1,030 and set a “buy” rating for the company in a research note on Wednesday, March 4th. JPMorgan Chase & Co. upped their price objective on shares of Mondi from GBX 840 to GBX 970 and gave the company a “neutral” rating in a report on Friday, December 5th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 1,133.33.

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. 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.