Insider Selling: Mondi Plc (MNDI) Insider Sells 65,000 Shares of Stock
Mondi Plc (LON:MNDI) insider David A. Hathorn sold 65,000 shares of Mondi Plc stock in a transaction on Tuesday, October 18th. The stock was sold at an average price of GBX 1,619 ($19.73), for a total transaction of £1,052,350 ($1,282,571.60).
Shares of Mondi Plc (LON:MNDI) traded up 1.05% during mid-day trading on Wednesday, reaching GBX 1630.00. 1,085,331 shares of the company’s stock were exchanged. The stock’s market capitalization is GBX 7.89 billion. The company’s 50 day moving average is GBX 1,612.39 and its 200 day moving average is GBX 1,449.80. Mondi Plc has a 1-year low of GBX 1,108.00 and a 1-year high of GBX 1,702.00.
MNDI has been the topic of several analyst reports. Deutsche Bank AG dropped their price target on shares of Mondi Plc from GBX 1,750 ($21.33) to GBX 1,700 ($20.72) and set a “buy” rating on the stock in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. upgraded shares of Mondi Plc to a “neutral” rating and lifted their price target for the stock from GBX 1,250 ($15.23) to GBX 1,290 ($15.72) in a research note on Friday, July 1st. Jefferies Group reiterated a “buy” rating and set a GBX 1,800 ($21.94) price target on shares of Mondi Plc in a research note on Tuesday, July 5th. JPMorgan Chase & Co. lifted their target price on shares of Mondi Plc from GBX 1,530 ($18.65) to GBX 1,610 ($19.62) and gave the company an “overweight” rating in a research note on Monday, July 18th. Finally, Goodbody restated a “hold” rating on shares of Mondi Plc in a research note on Tuesday, July 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Mondi Plc presently has a consensus rating of “Buy” and a consensus price target of GBX 1,689.44 ($20.59).
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/insider-selling-mondi-plc-mndi-insider-sells-65000-shares-of-stock.html
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.
Receive News & Ratings for Mondi Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondi Plc and related companies with MarketBeat.com's FREE daily email newsletter.