Mondi (LON:MNDI) Stock: Insider Andrew King Buys 19 Shares

Mondi plc (LON:MNDI) insider Andrew King purchased 19 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was bought at an average cost of GBX 776 per share, for a total transaction of £147.44.

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

• On Wednesday, October 7th, Andrew King purchased 20 shares of Mondi stock. The shares were purchased at an average price of GBX 791 per share, with a total value of £158.20.
• On Monday, September 7th, Andrew King bought 34 shares of Mondi stock. The shares were acquired at an average price of GBX 844 per share, with a total value of £286.96.

Mondi Stock Performance

MNDI traded up GBX 0.40 on Monday, hitting GBX 792. The company’s stock had a trading volume of 237,468 shares, compared to its average volume of 9,826,615. The firm has a market cap of £3.49 billion, a P/E ratio of -13.42, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61. The company’s 50 day simple moving average is GBX 803.27 and its 200-day simple moving average is GBX 810.43. Mondi plc has a 12 month low of GBX 660 and a 12 month high of GBX 981.40. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 62.05.

Analysts Set New Price Targets

Several research firms recently weighed in on MNDI. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mondi from GBX 760 to GBX 825 and gave the stock a “hold” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. dropped their target price on shares of Mondi from GBX 840 to GBX 800 and set a “neutral” rating for the company in a research report on Friday, July 31st. Citigroup boosted their price target on shares of Mondi from GBX 820 to GBX 1,040 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,080 price objective on shares of Mondi in a research report on Thursday, October 15th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 936.25.

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.