Mondi (LON:MNDI) Insider Andrew King Buys 20 Shares of Company Stock

Key Points

• Mondi insider Andrew King purchased 20 shares at GBX 791 each, totaling £158.20. He has also bought shares in August and September, bringing his recent insider purchases to 88 shares.
• Mondi shares recently traded at GBX 775.20, down slightly, with the stock ranging between GBX 660 and GBX 981.40 over the past year.
• Analyst sentiment is cautiously positive: Mondi has a consensus rating of “Moderate Buy” and an average price target of GBX 936.25, compared with its recent trading price.

Mondi plc (LON:MNDI - Get Free Report) insider Andrew King acquired 20 shares of the business's stock in a transaction on Wednesday, October 7th. The shares were purchased at an average price of GBX 791 per share, for a total transaction 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 purchased at an average price of GBX 844 per share, for a total transaction of £286.96.
• On Friday, August 7th, Andrew King bought 34 shares of Mondi stock. The stock was purchased at an average price of GBX 907 per share, with a total value of £308.38.

Mondi Stock Performance

Mondi stock traded down GBX 1.20 during mid-day trading on Thursday, hitting GBX 775.20. 245,832 shares of the company's stock traded hands, compared to its average volume of 9,780,010. The company has a market cap of £3.42 billion, a PE ratio of -13.14, a price-to-earnings-growth 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. Mondi plc has a one year low of GBX 660 and a one year high of GBX 981.40. The firm has a 50 day moving average price of GBX 852.21 and a 200 day moving average price of GBX 796.38.

Analyst Ratings Changes

MNDI has been the subject of a number of research reports. Jefferies Financial Group reduced their target price on shares of Mondi from GBX 1,085 to GBX 1,080 and set a "buy" rating for the company in a report on Friday, September 25th. Citigroup raised their target price on shares of Mondi from GBX 820 to GBX 1,040 and gave the stock a "buy" rating in a report on Monday, August 10th. JPMorgan Chase & Co. reduced their price target on shares of Mondi from GBX 840 to GBX 800 and set a "neutral" rating for the company in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mondi from GBX 760 to GBX 825 and gave the company a "hold" rating in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Mondi presently has an average rating of "Moderate Buy" and a consensus price target of GBX 936.25.

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.

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