Key Points
- Insider buying: Mondi insider Mike Powell acquired 34 shares at GBX 844 each, worth £286.96. He has also purchased shares in August and July.
- Stock performance: Mondi shares opened at GBX 845.51, up 1.0%, with the stock trading above its 50-day and 200-day moving averages.
- Analyst outlook: Analysts have a consensus “Moderate Buy” rating and an average price target of GBX 937.50, although ratings range from Buy to Hold.
Mondi plc (LON:MNDI - Get Free Report) insider Mike Powell acquired 34 shares of the stock in a transaction that occurred on Monday, September 7th. The stock was acquired at an average cost 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 bought 34 shares of Mondi stock. The shares were acquired at an average price of GBX 907 per share, with a total value of £308.38.
- On Tuesday, July 7th, Mike Powell bought 42 shares of Mondi stock. The shares were acquired at an average price of GBX 710 per share, with a total value of £298.20.
Mondi Stock Up 1.0%
Shares of LON MNDI opened at GBX 845.51 on Wednesday. The firm's 50-day moving average is GBX 811.71 and its two-hundred day moving average is GBX 801.97. The company has a market capitalization of £3.73 billion, a PE ratio of -14.33, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61. Mondi plc has a 12-month low of GBX 660 and a 12-month high of GBX 1,058. The company has a debt-to-equity ratio of 62.05, a current ratio of 1.55 and a quick ratio of 1.14.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on MNDI shares. Citigroup upped their target price on Mondi from GBX 820 to GBX 1,040 and gave the company a "buy" rating in a research note on Monday, August 10th. Jefferies Financial Group cut their price target on Mondi from GBX 1,100 to GBX 1,085 and set a "buy" rating for the company in a report on Friday, July 31st. JPMorgan Chase & Co. reduced their price objective on Mondi from GBX 840 to GBX 800 and set a "neutral" rating on the stock in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Mondi from GBX 760 to GBX 825 and gave the company a "hold" rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Mondi presently has a consensus rating of "Moderate Buy" and an average target price of GBX 937.50.
Get Our Latest Stock Report on Mondi
Mondi Company Profile
(
Get Free Report)
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.
Further Reading
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