Mondi (LON:MNDI) Insider Sells £302,746.40 in Stock

Mondi plc (LON:MNDI) insider Andrew King sold 34,403 shares of the business’s stock in a transaction on 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 acquired 17 shares of Mondi stock. The stock was acquired at an average price of GBX 882 per share, for a total transaction of £149.94.
• On Friday, December 5th, Andrew King acquired 17 shares of Mondi stock. The shares were acquired at an average cost of GBX 874 per share, with a total value of £148.58.

Mondi Price Performance

Mondi stock traded up GBX 1.05 during midday trading on Friday, hitting GBX 882.05. 2,117,158 shares of the company’s stock were exchanged, compared to its average volume of 10,131,935. The stock has a 50-day moving average price of GBX 899.93 and a two-hundred day moving average price of GBX 918.27. Mondi plc has a 52-week low of GBX 801.60 and a 52-week high of GBX 1,296.50. The company has a market cap of £3.89 billion, a P/E ratio of 20.42, a PEG ratio of 0.76 and a beta of 0.68. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price target on shares of Mondi from GBX 840 to GBX 970 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Mondi presently has a consensus 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.