Insider Buying: Mondi (LON:MNDI) Insider Acquires £298.20 in Stock

Mondi plc (LON:MNDI) insider Mike Powell purchased 42 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were purchased at an average price of GBX 710 per share, for a total transaction of £298.20.

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

• On Friday, June 5th, Mike Powell bought 20 shares of Mondi stock. The stock was acquired at an average cost of GBX 753 per share, for a total transaction of £150.60.
• On Friday, May 8th, Mike Powell purchased 19 shares of Mondi stock. The shares were acquired at an average price of GBX 785 per share, with a total value of £149.15.
• On Thursday, April 9th, Mike Powell purchased 34 shares of Mondi stock. The shares were bought at an average cost of GBX 860 per share, for a total transaction of £292.40.

Mondi Stock Up 1.2%

MNDI opened at GBX 707.80 on Friday. Mondi plc has a 52 week low of GBX 660 and a 52 week high of GBX 1,212.50. The business has a 50 day moving average price of GBX 734.17 and a two-hundred day moving average price of GBX 822.14. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 60.89. The company has a market cap of £3.12 billion, a PE ratio of 18.93, a P/E/G ratio of 0.76 and a beta of 0.58.

Analysts Set New Price Targets

MNDI has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on Mondi from GBX 1,040 to GBX 840 and set a “neutral” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 760 price objective on shares of Mondi in a research note on Monday, May 11th. Finally, Citigroup dropped their target price on shares of Mondi from GBX 1,000 to GBX 940 and set a “buy” rating for the company in a report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 985.

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.