Mondi (LON:MNDI) Insider Andrew King Purchases 34 Shares

Mondi plc (LON:MNDI) insider Andrew King acquired 34 shares of Mondi stock in a transaction on Friday, August 7th. The shares were bought at an average price of GBX 907 per share, with a total value of £308.38.

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

• On Tuesday, July 7th, Andrew King bought 42 shares of Mondi stock. The stock was acquired at an average price of GBX 710 per share, with a total value of £298.20.
• On Friday, June 5th, Andrew King bought 20 shares of Mondi stock. The stock was bought at an average price of GBX 753 per share, with a total value of £150.60.

Mondi Stock Down 1.3%

Shares of LON MNDI opened at GBX 899.91 on Tuesday. Mondi plc has a 1 year low of GBX 660 and a 1 year high of GBX 1,083. The company has a debt-to-equity ratio of 62.05, a current ratio of 1.55 and a quick ratio of 1.14. The company has a market capitalization of £3.97 billion, a P/E ratio of 24.06, a P/E/G ratio of 0.76 and a beta of 0.58. The company has a 50 day simple moving average of GBX 752.14 and a 200-day simple moving average of GBX 806.50.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MNDI shares. Jefferies Financial Group cut their target price on shares of Mondi from GBX 1,100 to GBX 1,085 and set a “buy” rating on the stock in a research note on Friday, July 31st. JPMorgan Chase & Co. decreased their target price on Mondi from GBX 840 to GBX 800 and set a “neutral” rating for the company in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Mondi from GBX 760 to GBX 825 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Finally, Citigroup boosted their target price on Mondi from GBX 820 to GBX 1,040 and gave the company a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 937.50.

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.