Andrew King Acquires 7 Shares of Mondi Plc (LON:MNDI) Stock
Mondi Plc (LON:MNDI) insider Andrew King purchased 7 shares of the stock in a transaction on Friday, July 7th. The shares were bought at an average price of GBX 1,983 ($25.69) per share, for a total transaction of £138.81 ($179.81).
Shares of Mondi Plc (MNDI) traded up 1.05% during midday trading on Monday, hitting GBX 2021.00. 755,144 shares of the stock traded hands. Mondi Plc has a 12-month low of GBX 1,294.74 and a 12-month high of GBX 2,121.00. The firm’s 50 day moving average price is GBX 2,032.62 and its 200 day moving average price is GBX 1,884.01. The company’s market capitalization is GBX 9.79 billion.
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Several equities analysts have commented on MNDI shares. Deutsche Bank AG reiterated a “buy” rating and set a GBX 2,200 ($28.50) price target on shares of Mondi Plc in a report on Wednesday, June 14th. Credit Suisse Group reiterated a “neutral” rating and set a GBX 2,135 ($27.66) price target on shares of Mondi Plc in a report on Tuesday, May 30th. J P Morgan Chase & Co increased their price target on Mondi Plc from GBX 2,070 ($26.81) to GBX 2,080 ($26.94) and gave the company an “overweight” rating in a report on Friday, May 12th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 2,000 ($25.91) price target on shares of Mondi Plc in a report on Monday, April 24th. Finally, Barclays PLC reiterated an “equal weight” rating and set a GBX 1,870 ($24.22) price target (up previously from GBX 1,500 ($19.43)) on shares of Mondi Plc in a report on Thursday, March 30th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 2,057.86 ($26.66).
About Mondi Plc
Mondi plc is a United Kingdom-based packaging and paper company. The Company is engaged in managing forests and producing pulp, paper and compound plastics for industrial and consumer packaging. The Company and Mondi Limited, under a dual listed company (DLC) structure, operate together as a single economic entity.
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