Mike Powell Acquires 9 Shares of Mondi plc (LON:MNDI) Stock

Mondi plc (LON:MNDI) insider Mike Powell purchased 9 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were purchased at an average cost of GBX 1,549 ($19.84) per share, for a total transaction of £139.41 ($178.57).

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

• On Wednesday, May 8th, Mike Powell purchased 10 shares of Mondi stock. The shares were purchased at an average cost of GBX 1,563 ($20.02) per share, for a total transaction of £156.30 ($200.20).

Mondi Trading Down 0.3 %

Shares of MNDI opened at GBX 1,532 ($19.62) on Wednesday. The company has a market capitalization of £6.75 billion, a PE ratio of 1,579.38, a price-to-earnings-growth ratio of 0.76 and a beta of 0.71. The company has a debt-to-equity ratio of 33.19, a quick ratio of 1.14 and a current ratio of 2.09. The stock has a fifty day moving average of GBX 1,538.29 and a two-hundred day moving average of GBX 1,461.54. Mondi plc has a fifty-two week low of GBX 1,304 ($16.70) and a fifty-two week high of GBX 1,719.85 ($22.03).

Analyst Ratings Changes

MNDI has been the topic of several research analyst reports. Citigroup reissued a “neutral” rating and set a GBX 1,700 ($21.78) price target on shares of Mondi in a research note on Monday, May 13th. Royal Bank of Canada upped their target price on Mondi from GBX 1,650 ($21.13) to GBX 1,700 ($21.78) and gave the company a “buy” rating in a research note on Tuesday, May 7th.

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.