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

Key Points

• Mondi insider Mike Powell purchased 34 shares at GBX 907 each, worth £308.38. He has also bought 62 shares in two earlier transactions this year.
• Mondi shares were down 1.3% and opened at GBX 899.91, with a 12-month trading range of GBX 660 to GBX 1,083 and a market capitalization of approximately £3.97 billion.
• Analyst sentiment remains positive overall, with two Buy and two Hold ratings. MarketBeat reports a “Moderate Buy” consensus and an average price target of GBX 937.50.

Mondi plc (LON:MNDI - Get Free Report) insider Mike Powell acquired 34 shares of the company's stock in a transaction on Friday, August 7th. The stock was acquired at an average cost of GBX 907 per share, with a total value of £308.38.

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

• On Tuesday, July 7th, Mike Powell bought 42 shares of Mondi stock. The stock was acquired at an average price of GBX 710 per share, for a total transaction of £298.20.
• On Friday, June 5th, Mike Powell bought 20 shares of Mondi stock. The shares were acquired at an average price of GBX 753 per share, for a total transaction of £150.60.

Mondi Stock Down 1.3%

Shares of LON:MNDI opened at GBX 899.91 on Tuesday. 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 12 month low of GBX 660 and a 12 month high of GBX 1,083. The company has a 50-day moving average price of GBX 752.14 and a 200 day moving average price of GBX 806.50. The company has a market cap of £3.97 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 0.76 and a beta of 0.58.

Wall Street Analysts Forecast Growth

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

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. 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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