Mondi (LON:MNDI) Insider Buys 34 Shares

Key Points

• Insider Andrew King purchased 34 Mondi shares at GBX 907 each, worth approximately £308.38. This follows purchases of 42 shares in July and 20 shares in June.
• Mondi shares opened at GBX 899.91, with a market capitalization of approximately £3.97 billion and a 52-week range of GBX 660 to GBX 1,083.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of GBX 937.50; ratings are split between two Buys and two Holds.

Mondi plc (LON:MNDI - Get Free Report) insider Andrew King purchased 34 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average cost of GBX 907 per share, with a total value of £308.38.

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

• On Tuesday, July 7th, Andrew King purchased 42 shares of Mondi stock. The shares were purchased at an average price of GBX 710 per share, for a total transaction of £298.20.
• On Friday, June 5th, Andrew King purchased 20 shares of Mondi stock. The stock was bought at an average price of GBX 753 per share, for a total transaction of £150.60.

Mondi Stock Performance

Shares of Mondi stock opened at GBX 899.91 on Tuesday. The firm's 50-day moving average is GBX 752.14 and its 200 day moving average is GBX 806.50. The stock has a market cap of £3.97 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 0.76 and a beta of 0.58. Mondi plc has a 1 year low of GBX 660 and a 1 year high of GBX 1,083. The company has a debt-to-equity ratio of 62.05, a current ratio of 1.55 and a quick ratio of 1.14.

Wall Street Analyst Weigh In

A number of analysts have commented on MNDI shares. Citigroup upped their price target on Mondi from GBX 820 to GBX 1,040 and gave the stock a "buy" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft increased their target price on Mondi from GBX 760 to GBX 825 and gave the company a "hold" rating in a research report on Monday, August 3rd. Jefferies Financial Group dropped their price target on Mondi from GBX 1,100 to GBX 1,085 and set a "buy" rating for the company in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. cut their price target on shares of Mondi from GBX 840 to GBX 800 and set a "neutral" rating on the stock in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 937.50.

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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