Insider Selling: Mondi (LON:MNDI) Insider Sells 34,403 Shares of Stock

Mondi plc (LON:MNDI) insider Andrew King sold 34,403 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of GBX 880, for a total transaction of £302,746.40.

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

• On Thursday, January 8th, Andrew King purchased 17 shares of Mondi stock. The shares were bought at an average price of GBX 882 per share, with a total value of £149.94.
• On Friday, December 5th, Andrew King purchased 17 shares of Mondi stock. The stock was bought at an average cost of GBX 874 per share, for a total transaction of £148.58.

Mondi Stock Performance

LON MNDI traded up GBX 1.05 on Friday, hitting GBX 882.05. 2,117,158 shares of the stock traded hands, compared to its average volume of 10,131,935. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06. The business’s fifty day moving average is GBX 899.93 and its two-hundred day moving average is GBX 918.27. Mondi plc has a 12 month low of GBX 801.60 and a 12 month high of GBX 1,296.50. The firm has a market capitalization of £3.89 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.76 and a beta of 0.68.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their target price on shares of Mondi from GBX 840 to GBX 970 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,206.67.

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. 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.