Mike Powell Buys 34 Shares of Mondi (LON:MNDI) Stock

Key Points

• Mondi insider Mike Powell purchased 34 shares at GBX 844 each, investing £286.96. He has also made two earlier purchases totaling 76 shares in July and August.
• Mondi shares rose 0.8% to GBX 843.80, giving the company a market capitalization of approximately £3.72 billion. The stock remains below its 52-week high of GBX 1,058.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average target price of GBX 937.50, although individual targets and ratings vary from “Hold” to “Buy.”

Mondi plc (LON:MNDI - Get Free Report) insider Mike Powell purchased 34 shares of the firm's stock in a transaction on Monday, September 7th. The stock was acquired at an average price of GBX 844 per share, for a total transaction of £286.96.

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

• On Friday, August 7th, Mike Powell purchased 34 shares of Mondi stock. The stock was bought at an average cost of GBX 907 per share, for a total transaction of £308.38.
• On Tuesday, July 7th, Mike Powell acquired 42 shares of Mondi stock. The stock was purchased at an average cost of GBX 710 per share, with a total value of £298.20.

Mondi Stock Up 0.8%

LON:MNDI traded up GBX 6.80 during trading hours on Tuesday, hitting GBX 843.80. 1,358,032 shares of the stock traded hands, compared to its average volume of 10,588,806. The firm has a 50 day moving average price of GBX 808.48 and a 200 day moving average price of GBX 802.54. 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 fifty-two week low of GBX 660 and a fifty-two week high of GBX 1,058. The firm has a market cap of £3.72 billion, a price-to-earnings ratio of -14.30, a PEG ratio of 0.76 and a beta of 0.61.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MNDI shares. Jefferies Financial Group lowered their target price on Mondi from GBX 1,100 to GBX 1,085 and set a "buy" rating on the stock in a research note on Friday, July 31st. JPMorgan Chase & Co. dropped their price objective on shares of Mondi from GBX 840 to GBX 800 and set a "neutral" rating on the stock in a research note on Friday, July 31st. Citigroup increased their price objective on Mondi from GBX 820 to GBX 1,040 and gave the stock a "buy" rating in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Mondi from GBX 760 to GBX 825 and gave the company a "hold" rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Mondi currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 937.50.

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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