Mike Powell Acquires 14 Shares of Mondi plc (LON:MNDI) Stock

Key Points

• Insider Mike Powell of Mondi plc purchased 14 shares at an average price of GBX 1,061 ($14.27) on August 7th, adding to previous buys of 24 shares and 13 shares in July and June, respectively.
• Analysts have mixed views on Mondi, with JPMorgan Chase raising their target price from GBX 1,430 to GBX 1,460 and Citigroup lowering theirs from GBX 1,650 to GBX 1,550.
• Mondi's stock is currently up 0.2%, and the company has a market capitalization of £5.57 billion with a P/E ratio of 14.42.

Mondi plc (LON:MNDI - Get Free Report) insider Mike Powell bought 14 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average price of GBX 1,061 ($14.26) per share, for a total transaction of £148.54 ($199.70).

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

• On Monday, July 7th, Mike Powell bought 24 shares of Mondi stock. The shares were purchased at an average price of GBX 1,186 ($15.95) per share, for a total transaction of £284.64 ($382.68).
• On Friday, June 6th, Mike Powell bought 13 shares of Mondi stock. The shares were purchased at an average price of GBX 1,216 ($16.35) per share, for a total transaction of £158.08 ($212.53).

Mondi Trading Up 2.0%

LON:MNDI traded up GBX 21.50 ($0.29) during trading hours on Friday, reaching GBX 1,079 ($14.51). 1,185,562 shares of the company were exchanged, compared to its average volume of 5,830,303. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14. The firm has a market cap of £5.67 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 0.76 and a beta of 0.68. Mondi plc has a 52-week low of GBX 973.80 ($13.09) and a 52-week high of GBX 1,497.50 ($20.13). The stock has a 50 day simple moving average of GBX 1,171.51 and a 200 day simple moving average of GBX 1,184.70.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Citigroup decreased their target price on shares of Mondi from GBX 1,650 ($22.18) to GBX 1,550 ($20.84) and set a "buy" rating on the stock in a research report on Friday, August 1st. JPMorgan Chase & Co. increased their price target on shares of Mondi from GBX 1,430 ($19.23) to GBX 1,460 ($19.63) and gave the stock an "overweight" rating in a research note on Friday, July 18th.

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.