Insider Buying: Mondi (LON:MNDI) Insider Buys £149.94 in Stock

Mondi plc (LON:MNDI) insider Andrew King acquired 17 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The shares were bought at an average cost of GBX 882 per share, for a total transaction of £149.94.

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

• On Friday, December 5th, Andrew King bought 17 shares of Mondi stock. The stock was bought at an average price of GBX 874 per share, with a total value of £148.58.
• On Thursday, November 20th, Andrew King bought 25,000 shares of Mondi stock. The shares were bought at an average cost of GBX 826 per share, with a total value of £206,500.
• On Friday, November 7th, Andrew King purchased 18 shares of Mondi stock. The shares were bought at an average price of GBX 815 per share, for a total transaction of £146.70.

Mondi Trading Up 1.1%

Shares of Mondi stock opened at GBX 913.33 on Monday. Mondi plc has a 12-month low of GBX 801.60 and a 12-month high of GBX 1,338. The company has a market cap of £4.02 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 0.76 and a beta of 0.68. The company’s 50-day moving average price is GBX 869.91 and its 200-day moving average price is GBX 977.04. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MNDI. Jefferies Financial Group lowered their price target on Mondi from GBX 1,700 to GBX 1,400 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Citigroup reduced their price objective on Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. boosted their target price on Mondi from GBX 840 to GBX 970 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.