Insider Buying: Mondi Plc (LON:MNDI) Insider Acquires 15,000 Shares of Stock

Mondi Plc (LON:MNDI) insider Andrew King acquired 15,000 shares of Mondi stock in a transaction that occurred on Monday, June 29th. The shares were purchased at an average cost of GBX 1,496 ($18.41) per share, for a total transaction of £224,400 ($276,150.63).

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

  • On Thursday, May 7th, Andrew King bought 22 shares of Mondi stock. The stock was purchased at an average price of GBX 1,332 ($16.39) per share, for a total transaction of £293.04 ($360.62).

MNDI stock traded up GBX 27 ($0.33) during midday trading on Tuesday, hitting GBX 1,520 ($18.71). The company’s stock had a trading volume of 859,654 shares, compared to its average volume of 1,880,000. The company’s fifty day moving average price is GBX 1,464.14 and its 200 day moving average price is GBX 1,515.68. The company has a debt-to-equity ratio of 51.90, a current ratio of 1.05 and a quick ratio of 0.56. Mondi Plc has a twelve month low of GBX 1,156.50 ($14.23) and a twelve month high of £1,702.50 ($2,095.13). The stock has a market capitalization of $7.38 billion and a P/E ratio of 9.39.

Several research analysts have weighed in on MNDI shares. Morgan Stanley reduced their target price on Mondi from GBX 1,820 ($22.40) to GBX 1,630 ($20.06) and set an “overweight” rating on the stock in a report on Monday, May 25th. JPMorgan Chase & Co. decreased their price objective on Mondi from GBX 1,760 ($21.66) to GBX 1,500 ($18.46) and set a “neutral” rating for the company in a research report on Friday, May 15th. Credit Suisse Group increased their target price on Mondi from GBX 2,025 ($24.92) to GBX 2,050 ($25.23) and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Jefferies Financial Group cut their price target on shares of Mondi from GBX 1,870 ($23.01) to GBX 1,650 ($20.31) and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, UBS Group increased their price objective on shares of Mondi from GBX 1,750 ($21.54) to GBX 1,900 ($23.38) and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Mondi currently has an average rating of “Buy” and a consensus price target of GBX 1,747.50 ($21.51).

About Mondi

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.

Featured Story: Return on Investment (ROI) Defined, Explained

Receive News & Ratings for Mondi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondi and related companies with MarketBeat.com's FREE daily email newsletter.