Insider Buying: Mondi (LON:MNDI) Insider Buys £286.96 in Stock

Key Points

• Mondi insider Andrew King bought 34 shares at GBX 844 each, investing £286.96. He has also made two previous purchases totaling £606.58 since July.
• Mondi shares traded around GBX 843.80, with a market capitalization of approximately £3.72 billion and a one-year trading range of GBX 660 to GBX 1,058.
• Analysts have a “Moderate Buy” consensus, with two Buy and two Hold ratings and an average price target of GBX 937.50.

Mondi plc (LON:MNDI - Get Free Report) insider Andrew King acquired 34 shares of the company's stock in a transaction on Monday, September 7th. The shares were acquired at an average cost of GBX 844 per share, for a total transaction of £286.96.

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

• On Friday, August 7th, Andrew King bought 34 shares of Mondi stock. The shares were acquired at an average price of GBX 907 per share, with a total value of £308.38.
• 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.

Mondi Stock Performance

Shares of LON MNDI traded up GBX 6.80 during midday trading on Tuesday, hitting GBX 843.80. The company's stock had a trading volume of 1,358,032 shares, compared to its average volume of 10,588,806. The stock has a fifty day moving average price of GBX 808.48 and a 200 day moving average price of GBX 802.54. Mondi plc has a one year low of GBX 660 and a one year high of GBX 1,058. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 62.05. The firm has a market capitalization of £3.72 billion, a price-to-earnings ratio of -14.30, a P/E/G ratio of 0.76 and a beta of 0.61.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MNDI shares. 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 lowered their price target on shares of Mondi from GBX 1,100 to GBX 1,085 and set a "buy" rating on the stock in a report on Friday, July 31st. Citigroup lifted their price objective on Mondi from GBX 820 to GBX 1,040 and gave the company a "buy" rating in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Mondi from GBX 760 to GBX 825 and gave the stock a "hold" rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Mondi presently has an average rating of "Moderate Buy" and an average target price of GBX 937.50.

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.

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