Insider Buying: Mondi (LON:MNDI) Insider Buys 10,000 Shares of Stock

Key Points

• Mondi plc insider Mike Powell purchased 10,000 shares at an average cost of GBX 874 per share, totaling £87,400, on October 7th.
• On the same day, Mondi's stock price dropped 4.8%, reaching GBX 837.20, with a trading volume of approximately 4.6 million shares.
• Analysts have revised target prices for Mondi, with Citigroup lowering its price target from GBX 1,530 to GBX 1,250 while maintaining a "buy" rating.

Mondi plc (LON:MNDI - Get Free Report) insider Mike Powell acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, October 7th. The shares were purchased at an average cost of GBX 874 per share, with a total value of £87,400.

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

• On Thursday, August 7th, Mike Powell purchased 14 shares of Mondi stock. The shares were acquired at an average price of GBX 1,061 per share, for a total transaction of £148.54.

Mondi Stock Down 4.8%

Shares of MNDI traded down GBX 42.40 during trading hours on Tuesday, reaching GBX 837.20. The stock had a trading volume of 4,597,452 shares, compared to its average volume of 5,868,997. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00. The firm has a 50-day simple moving average of GBX 1,039 and a 200 day simple moving average of GBX 1,120.91. Mondi plc has a 12 month low of GBX 837.20 and a 12 month high of GBX 1,477.50. The company has a market capitalization of £3.69 billion, a price-to-earnings ratio of 1,937.96, a P/E/G ratio of 0.76 and a beta of 0.68.

Analyst Ratings Changes

Several brokerages have commented on MNDI. Citigroup cut their target price on Mondi from GBX 1,530 to GBX 1,250 and set a "buy" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. dropped their target price on Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating on the stock in a report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of GBX 1,245.

About Mondi

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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