Insider Buying: Mondi Plc (MNDI) Insider Acquires 18 Shares of Stock
Mondi Plc (LON:MNDI) insider Carol Hunt purchased 18 shares of the stock in a transaction on Friday, October 7th. The shares were bought at an average price of GBX 1,686 ($20.87) per share, for a total transaction of £303.48 ($375.59).
Shares of Mondi Plc (LON:MNDI) traded up 0.89% on Monday, reaching GBX 1692.00. The company had a trading volume of 721,689 shares. Mondi Plc has a 52-week low of GBX 1,108.00 and a 52-week high of GBX 1,702.00. The firm’s market capitalization is GBX 8.19 billion. The company’s 50-day moving average price is GBX 1,603.97 and its 200-day moving average price is GBX 1,435.28.
Several brokerages have commented on MNDI. Goodbody reiterated a “hold” rating on shares of Mondi Plc in a report on Tuesday, July 26th. Credit Suisse Group AG increased their price objective on Mondi Plc from GBX 1,845 ($22.83) to GBX 1,880 ($23.27) and gave the company an “outperform” rating in a research report on Friday, August 5th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 1,700 ($21.04) price objective on shares of Mondi Plc in a research report on Tuesday, July 26th. Davy Research reissued an “outperform” rating on shares of Mondi Plc in a research report on Thursday, August 4th. Finally, JPMorgan Chase & Co. increased their price objective on Mondi Plc from GBX 1,530 ($18.94) to GBX 1,610 ($19.93) and gave the company an “overweight” rating in a research report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Mondi Plc presently has a consensus rating of “Buy” and a consensus target price of GBX 1,636.67 ($20.26).
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Mondi Plc Company Profile
Mondi plc is a United Kingdom-based packaging and paper company. The Company is engaged in managing forests and producing pulp, paper and compound plastics for industrial and consumer packaging. The Company and Mondi Limited, under a dual listed company (DLC) structure, operate together as a single economic entity.
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