Insider Buying: Mondi (LON:MNDI) Insider Buys £150.29 in Stock

Key Points

• Mondi insider Mike Powell purchased 19 shares at GBX 791 each, spending £150.29. He has also bought shares in August and September.
• Mondi shares recently traded at GBX 775.20, below their 50-day moving average of GBX 852.21 but within a 52-week range of GBX 660 to GBX 981.40.
• Analysts have a “Moderate Buy” consensus, with two Buy and two Hold ratings and an average price target of GBX 936.25.

Mondi plc (LON:MNDI - Get Free Report) insider Mike Powell purchased 19 shares of the business's stock in a transaction on Wednesday, October 7th. The shares were bought at an average price of GBX 791 per share, with a total value of £150.29.

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

• On Monday, September 7th, Mike Powell bought 34 shares of Mondi stock. The stock was purchased at an average price of GBX 844 per share, with a total value of £286.96.
• On Friday, August 7th, Mike Powell bought 34 shares of Mondi stock. The shares were purchased at an average cost of GBX 907 per share, for a total transaction of £308.38.

Mondi Stock Performance

Shares of MNDI traded down GBX 1.20 on Thursday, reaching GBX 775.20. 245,832 shares of the company's stock traded hands, compared to its average volume of 9,780,010. The stock's 50 day simple moving average is GBX 852.21 and its two-hundred day simple moving average is GBX 796.38. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 62.05. Mondi plc has a 52-week low of GBX 660 and a 52-week high of GBX 981.40. The stock has a market cap of £3.42 billion, a PE ratio of -13.14, a PEG ratio of 0.76 and a beta of 0.61.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MNDI. JPMorgan Chase & Co. reduced their target price on shares of Mondi from GBX 840 to GBX 800 and set a "neutral" rating for the company in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft lifted their target price on Mondi from GBX 760 to GBX 825 and gave the company a "hold" rating in a report on Monday, August 3rd. Jefferies Financial Group lowered their target price on shares of Mondi from GBX 1,085 to GBX 1,080 and set a "buy" rating on the stock in a research note on Friday, September 25th. Finally, Citigroup lifted their price target on Mondi from GBX 820 to GBX 1,040 and gave the company a "buy" rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 936.25.

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.

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