Andrew King Sells 35,509 Shares of Mondi plc (LON:MNDI) Stock

Mondi plc (LON:MNDI) insider Andrew King sold 35,509 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of GBX 1,222 ($15.40), for a total value of £433,919.98 ($546,912.00).

Andrew King also recently made the following trade(s):

• On Wednesday, January 8th, Andrew King acquired 26 shares of Mondi stock. The stock was purchased at an average cost of GBX 1,161 ($14.63) per share, with a total value of £301.86 ($380.46).

Mondi Trading Up 0.7 %

Shares of MNDI stock traded up GBX 8.04 ($0.10) during trading hours on Friday, hitting GBX 1,227.54 ($15.47). 2,817,719 shares of the company were exchanged, compared to its average volume of 4,183,218. The firm has a market cap of £6.45 billion, a PE ratio of 16.69, a PEG ratio of 0.76 and a beta of 0.68. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00. The firm has a fifty day moving average of GBX 1,215.74 and a 200 day moving average of GBX 1,299.44. Mondi plc has a 1 year low of GBX 1,134.50 ($14.30) and a 1 year high of GBX 1,618 ($20.39).

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered their target price on shares of Mondi from GBX 1,600 ($20.17) to GBX 1,550 ($19.54) and set a “buy” rating for the company in a research note on Tuesday.

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.