Sucheta Govil Buys 625 Shares of Mondi (LON:MNDI) Stock

Key Points

• Sucheta Govil, an insider at Mondi plc, purchased 625 shares of the company's stock at an average price of GBX 873, totaling £5,456.25.
• Mondi's stock declined by 4.8%, closing at GBX 837.20, with recent trading volumes lower than the average, indicating potential market fluctuations.
• Recent analyst reports lowered price targets for Mondi's shares, with JPMorgan and Citigroup reducing theirs to GBX 1,240 and GBX 1,250 respectively, yet the overall consensus rating remains at "Buy."

Mondi plc (LON:MNDI - Get Free Report) insider Sucheta Govil acquired 625 shares of the company's stock in a transaction dated Tuesday, October 7th. The stock was acquired at an average cost of GBX 873 per share, with a total value of £5,456.25.

Mondi Trading Down 4.8%

Shares of Mondi stock traded down GBX 42.40 during trading hours on Tuesday, hitting GBX 837.20. The company's stock had a trading volume of 4,597,452 shares, compared to its average volume of 5,868,997. The business has a fifty day moving average of GBX 1,039 and a 200 day moving average of GBX 1,120.91. The company has a market capitalization of £3.69 billion, a PE ratio of 1,937.96, a P/E/G ratio of 0.76 and a beta of 0.68. Mondi plc has a 1-year low of GBX 837.20 and a 1-year high of GBX 1,477.50. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MNDI shares. JPMorgan Chase & Co. lowered their price target on shares of Mondi from GBX 1,460 to GBX 1,240 and set an "overweight" rating for the company in a report on Monday, August 11th. Citigroup lowered their price target on shares of Mondi from GBX 1,530 to GBX 1,250 and set a "buy" rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of GBX 1,245.

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.

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