Mondi (LON:MNDI) Insider Buys £158.20 in Stock

Mondi plc (LON:MNDI) insider Andrew King purchased 20 shares of the business’s stock in a transaction on Wednesday, October 7th. The shares were bought at an average cost of GBX 791 per share, with a total value of £158.20.

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

• On Monday, September 7th, Andrew King acquired 34 shares of Mondi stock. The stock was bought at an average cost of GBX 844 per share, for a total transaction of £286.96.
• On Friday, August 7th, Andrew King acquired 34 shares of Mondi stock. The stock was bought at an average cost of GBX 907 per share, for a total transaction of £308.38.

Mondi Stock Up 3.0%

MNDI stock opened at GBX 788 on Friday. Mondi plc has a twelve month low of GBX 660 and a twelve month high of GBX 981.40. The stock has a market cap of £3.47 billion, a P/E ratio of -13.36, a PEG ratio of 0.76 and a beta of 0.61. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 62.05. The business’s 50-day moving average price is GBX 847.92 and its 200-day moving average price is GBX 796.02.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Mondi from GBX 760 to GBX 825 and gave the stock a “hold” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. reduced their price target on Mondi from GBX 840 to GBX 800 and set a “neutral” rating for the company in a research report on Friday, July 31st. Jefferies Financial Group decreased their price objective on Mondi from GBX 1,085 to GBX 1,080 and set a “buy” rating for the company in a research note on Friday, September 25th. Finally, Citigroup lifted their target price on Mondi from GBX 820 to GBX 1,040 and gave the company a “buy” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.