Insider Buying: Mondi (LON:MNDI) Insider Buys 18 Shares of Stock

Key Points

• Insider Andrew King purchased 18 shares of Mondi plc stock at an average price of GBX 871 each, totaling £156.78, following another purchase of 15 shares made in August.
• Mondi's stock increased by 1.3%, reaching GBX 847.91, with a market capitalization of £3.74 billion.
• Analysts generally hold a Buy rating for Mondi, with several lowering their price targets but maintaining positive outlooks.

Mondi plc (LON:MNDI - Get Free Report) insider Andrew King bought 18 shares of the company's stock in a transaction that occurred on Tuesday, October 7th. The shares were bought at an average price of GBX 871 per share, with a total value of £156.78.

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

• On Thursday, August 7th, Andrew King bought 15 shares of Mondi stock. The shares were bought at an average price of GBX 1,061 per share, with a total value of £159.15.

Mondi Trading Up 1.3%

MNDI stock traded up GBX 10.71 during trading on Wednesday, hitting GBX 847.91. 3,273,218 shares of the company traded hands, compared to its average volume of 5,855,377. The firm has a market capitalization of £3.74 billion, a PE ratio of 1,962.75, a P/E/G ratio of 0.76 and a beta of 0.68. Mondi plc has a 1 year low of GBX 830.40 and a 1 year high of GBX 1,477.50. The company has a 50-day moving average of GBX 1,032.39 and a 200-day moving average of GBX 1,118.94. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MNDI shares. Citigroup dropped their price objective on Mondi from GBX 1,530 to GBX 1,250 and set a "buy" rating for the company in a report on Tuesday. JPMorgan Chase & Co. dropped their price objective on Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating for the company in a report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Mondi has a consensus rating of "Buy" and an average price target of GBX 1,245.

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.

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