Insider Buying: Mondi (LON:MNDI) Insider Buys 5,000 Shares of Stock

Key Points

• Insider Philip Yea of Mondi plc purchased 5,000 shares at an average price of GBX 888 per share, totaling £44,400.
• Mondi's stock experienced a significant decline of 16.0%, trading down to GBX 879.60, while the market cap is currently £3.87 billion.
• Analysts have issued mixed ratings, with Citigroup and JPMorgan reducing their target prices for Mondi, yet the consensus rating remains a "Buy" with an average target of GBX 1,395.

Mondi plc (LON:MNDI - Get Free Report) insider Philip Yea purchased 5,000 shares of the business's stock in a transaction dated Monday, October 6th. The shares were purchased at an average price of GBX 888 per share, for a total transaction of £44,400.

Mondi Stock Down 16.0%

Shares of Mondi stock traded down GBX 167.92 during trading on Monday, hitting GBX 879.60. 7,918,549 shares of the stock traded hands, compared to its average volume of 5,875,584. The firm has a market cap of £3.87 billion, a P/E ratio of 2,036.11, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00. Mondi plc has a 52-week low of GBX 859 and a 52-week high of GBX 1,477.50. The stock's fifty day simple moving average is GBX 1,045.18 and its 200 day simple moving average is GBX 1,123.22.

Analyst Ratings Changes

Several equities analysts have issued reports on MNDI shares. Citigroup cut their target price on Mondi from GBX 1,650 to GBX 1,550 and set a "buy" rating on the stock in a research note on Friday, August 1st. JPMorgan Chase & Co. cut their target price on Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating on the stock in a research note on Monday, August 11th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of GBX 1,395.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.