Mondi plc (LON:MNDI) Insider Andrew King Purchases 24 Shares

Mondi plc (LON:MNDI) insider Andrew King acquired 24 shares of Mondi stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of GBX 1,287 ($16.64) per share, with a total value of £308.88 ($399.28).

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

• On Thursday, February 27th, Andrew King sold 35,509 shares of Mondi stock. The stock was sold at an average price of GBX 1,222 ($15.80), for a total transaction of £433,919.98 ($560,910.01).
• On Wednesday, January 8th, Andrew King acquired 26 shares of Mondi stock. The stock was bought at an average cost of GBX 1,161 ($15.01) per share, for a total transaction of £301.86 ($390.20).

Mondi Price Performance

Shares of LON:MNDI traded down GBX 20 ($0.26) on Monday, reaching GBX 1,253.50 ($16.20). The company’s stock had a trading volume of 1,066,447 shares, compared to its average volume of 7,540,320. The company has a market cap of £6.59 billion, a P/E ratio of 17.05, a PEG ratio of 0.76 and a beta of 0.68. Mondi plc has a 52-week low of GBX 1,134.50 ($14.67) and a 52-week high of GBX 1,618 ($20.92). The company has a 50-day simple moving average of GBX 1,227.11 and a 200 day simple moving average of GBX 1,288. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered their target price on shares of Mondi from GBX 1,600 ($20.68) to GBX 1,550 ($20.04) and set a “buy” rating on the stock in a report on Tuesday, February 25th.

Mondi Company Profile

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.