Insider Buying: Mondi (LON:MNDI) Insider Buys 42 Shares of Stock

Mondi plc (LON:MNDI) insider Andrew King purchased 42 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average price of GBX 710 per share, for a total transaction of £298.20.

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

• On Friday, June 5th, Andrew King acquired 20 shares of Mondi stock. The shares were purchased at an average price of GBX 753 per share, with a total value of £150.60.
• On Friday, May 8th, Andrew King bought 19 shares of Mondi stock. The shares were purchased at an average cost of GBX 785 per share, with a total value of £149.15.
• On Thursday, April 9th, Andrew King bought 34 shares of Mondi stock. The stock was purchased at an average price of GBX 860 per share, for a total transaction of £292.40.

Mondi Trading Down 2.3%

MNDI traded down GBX 16.30 during trading on Wednesday, reaching GBX 687.70. 122,276,141 shares of the stock traded hands, compared to its average volume of 14,677,580. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 60.89. The stock has a market capitalization of £3.03 billion, a PE ratio of 18.39, a P/E/G ratio of 0.76 and a beta of 0.58. The stock’s 50-day moving average is GBX 736.83 and its 200 day moving average is GBX 825.74. Mondi plc has a 12 month low of GBX 667 and a 12 month high of GBX 1,219.50.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Citigroup decreased their target price on Mondi from GBX 1,000 to GBX 940 and set a “buy” rating for the company in a research note on Tuesday, April 28th. JPMorgan Chase & Co. raised their price objective on shares of Mondi from GBX 990 to GBX 1,040 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 760 target price on shares of Mondi in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Mondi currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,035.

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.