Insider Buying: Mondi Plc (LON:MNDI) Insider Buys 5,000 Shares of Stock

Mondi Plc (LON:MNDI) insider Peter Oswald acquired 5,000 shares of Mondi stock in a transaction dated Friday, August 16th. The stock was purchased at an average price of GBX 1,533 ($20.03) per share, with a total value of £76,650 ($100,156.80).

MNDI stock traded up GBX 25.50 ($0.33) during trading on Monday, hitting GBX 1,562.50 ($20.42). 1,341,495 shares of the company traded hands, compared to its average volume of 1,880,000. The stock’s 50-day moving average is GBX 1,726.87. The company has a current ratio of 1.47, a quick ratio of 0.81 and a debt-to-equity ratio of 58.89. The firm has a market capitalization of $7.46 billion and a P/E ratio of 9.66. Mondi Plc has a 1 year low of GBX 1,502.79 ($19.64) and a 1 year high of GBX 2,212 ($28.90).

The business also recently declared a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 15th will be given a dividend of €0.27 ($0.32) per share. This represents a yield of 1.46%. The ex-dividend date of this dividend is Thursday, August 15th. Mondi’s dividend payout ratio is currently 0.44%.

Several research analysts have recently issued reports on MNDI shares. UBS Group restated a “buy” rating on shares of Mondi in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on Mondi from GBX 2,070 ($27.05) to GBX 2,000 ($26.13) and set an “overweight” rating for the company in a research note on Monday, August 5th. Deutsche Bank reduced their price objective on Mondi from GBX 2,200 ($28.75) to GBX 2,000 ($26.13) and set a “buy” rating for the company in a research note on Friday, August 2nd. Goldman Sachs Group reduced their price objective on Mondi from GBX 1,975 ($25.81) to GBX 1,850 ($24.17) and set a “neutral” rating for the company in a research note on Tuesday, April 23rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 2,050 ($26.79) price objective on shares of Mondi in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Mondi currently has an average rating of “Buy” and an average target price of GBX 1,980 ($25.87).

Mondi Company Profile

Mondi plc manufactures and sells packaging and paper products in the United Kingdom, Africa, Europe, Russia, North America, South America, Asia, and Australia. The company offers flexible packaging, bags, and pouches; personal care components; release liners; technical films; corrugated packaging; industrial bags; barrier coatings; specialty Kraft paper; sack Kraft paper; containerboards; office and professional printing papers; and paper for sustainable and promotional events, as well as product training courses.

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