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Insider Buying: Mondi (LON:MNDI) Insider Buys 1,000 Shares of Stock

Mondi logo with Basic Materials background

Key Points

  • Insider Svein Richard Brandtzaeg of Mondi plc purchased 1,000 shares at an average price of GBX 876 on October 7th, totaling £8,760.
  • Mondi’s stock price experienced a decline, trading at GBX 837.20, and analysts have set a consensus target price of GBX 1,245 with multiple Buy ratings.
  • The company's market capitalization stands at £3.69 billion with a significant lead in packaging solutions across various regions globally.
  • MarketBeat previews the top five stocks to own by November 1st.

Mondi plc (LON:MNDI - Get Free Report) insider Svein Richard Brandtzaeg purchased 1,000 shares of Mondi stock in a transaction dated Tuesday, October 7th. The shares were purchased at an average cost of GBX 876 per share, with a total value of £8,760.

Mondi Stock Performance

Shares of MNDI traded down GBX 42.40 during midday trading on Tuesday, hitting GBX 837.20. 4,597,452 shares of the stock traded hands, compared to its average volume of 5,868,997. Mondi plc has a 1-year low of GBX 837.20 and a 1-year high of GBX 1,477.50. The firm has a market capitalization of £3.69 billion, a PE ratio of 1,937.96, 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. The business's 50 day moving average price is GBX 1,039 and its two-hundred day moving average price is GBX 1,120.91.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MNDI shares. JPMorgan Chase & Co. reduced their price target on shares of Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating for the company in a report on Monday, August 11th. Citigroup cut their price objective on shares of Mondi from GBX 1,530 to GBX 1,250 and set a "buy" rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of GBX 1,245.

Read Our Latest Stock Analysis on Mondi

About Mondi

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Mondi (LON:MNDI)

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