Mondi plc (LON:MNDI) Insider Andrew King Purchases 15 Shares

Key Points

• Andrew King, an insider at Mondi plc, purchased a total of 15 shares recently for £159.15, reflecting continued insider confidence in the stock.
• Mondi's stock recently opened at GBX 1,060, with analysts showing mixed sentiment; Citigroup reduced their price target while JPMorgan raised theirs.
• The company has a market capitalization of £5.57 billion and operates in multiple packaging and paper segments globally, highlighting its broad market presence.

Mondi plc (LON:MNDI - Get Free Report) insider Andrew King purchased 15 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price of GBX 1,061 ($14.26) per share, for a total transaction of £159.15 ($213.97).

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

• On Monday, July 7th, Andrew King bought 24 shares of Mondi stock. The shares were bought at an average price of GBX 1,186 ($15.95) per share, for a total transaction of £284.64 ($382.68).
• On Friday, June 6th, Andrew King bought 13 shares of Mondi stock. The shares were bought at an average price of GBX 1,216 ($16.35) per share, for a total transaction of £158.08 ($212.53).

Mondi Price Performance

Shares of LON MNDI traded up GBX 21.50 ($0.29) on Friday, hitting GBX 1,079 ($14.51). The company's stock had a trading volume of 1,185,562 shares, compared to its average volume of 5,830,303. Mondi plc has a 12-month low of GBX 973.80 ($13.09) and a 12-month high of GBX 1,497.50 ($20.13). The company has a market capitalization of £5.67 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14. The stock has a 50 day moving average of GBX 1,171.51 and a 200-day moving average of GBX 1,184.70.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MNDI. JPMorgan Chase & Co. upped their target price on shares of Mondi from GBX 1,430 ($19.23) to GBX 1,460 ($19.63) and gave the stock an "overweight" rating in a research report on Friday, July 18th. Citigroup lowered their target price on shares of Mondi from GBX 1,650 ($22.18) to GBX 1,550 ($20.84) and set a "buy" rating on the stock in a research report on Friday, August 1st.

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.