Insider Buying: Mondi (LON:MNDI) Insider Acquires £147.44 in Stock

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

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

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

Mondi Trading Up 0.5%

LON:MNDI opened at GBX 784.80 on Thursday. Mondi plc has a one year low of GBX 660 and a one year high of GBX 981.40. The company has a debt-to-equity ratio of 62.05, a quick ratio of 1.14 and a current ratio of 1.55. The firm has a market cap of £3.46 billion, a P/E ratio of -13.30, a P/E/G ratio of 0.76 and a beta of 0.61. The firm has a 50-day simple moving average of GBX 798.39 and a 200-day simple moving average of GBX 809.16.

Analyst Ratings Changes

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

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. 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.