Insider Buying: Mondi (LON:MNDI) Insider Purchases 18 Shares of Stock

Key Points

• Insider Mike Powell purchased a total of 10,018 shares of Mondi plc stock recently, with transactions amounting to over £87,500, indicating confidence in the company’s prospects.
• Mondi's stock increased by 1.3% to GBX 847.91, despite recent analyst target price cuts, with consensus ratings still favoring a "Buy" recommendation.
• The company holds a market capitalization of £3.74 billion and operates in packaging and paper solutions across multiple regions globally.

Mondi plc (LON:MNDI - Get Free Report) insider Mike Powell purchased 18 shares of Mondi stock in a transaction dated Tuesday, October 7th. The shares were purchased at an average cost of GBX 871 per share, for a total transaction of £156.78.

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

• On Tuesday, October 7th, Mike Powell bought 10,000 shares of Mondi stock. The stock was purchased at an average cost of GBX 874 per share, for a total transaction of £87,400.
• On Thursday, August 7th, Mike Powell bought 14 shares of Mondi stock. The stock was purchased at an average cost of GBX 1,061 per share, for a total transaction of £148.54.

Mondi Trading Up 1.3%

LON MNDI traded up GBX 10.71 on Wednesday, reaching GBX 847.91. The stock had a trading volume of 3,273,218 shares, compared to its average volume of 5,855,377. The firm has a market capitalization of £3.74 billion, a price-to-earnings ratio of 1,962.75, a P/E/G ratio of 0.76 and a beta of 0.68. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00. Mondi plc has a 12-month low of GBX 830.40 and a 12-month high of GBX 1,477.50. The stock has a fifty day moving average price of GBX 1,032.39 and a two-hundred day moving average price of GBX 1,118.94.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup cut their target price on Mondi from GBX 1,530 to GBX 1,250 and set a "buy" rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. cut their price objective on Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating on the stock in a research report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target 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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