Insider Buying: Mondi (LON:MNDI) Insider Buys £298.20 in Stock

Mondi plc (LON:MNDI) insider Andrew King bought 42 shares of Mondi stock in a transaction on Tuesday, July 7th. The stock was acquired at an average price of GBX 710 per share, for a total transaction of £298.20.

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

• On Friday, June 5th, Andrew King purchased 20 shares of Mondi stock. The stock was bought at an average cost of GBX 753 per share, for a total transaction of £150.60.
• On Friday, May 8th, Andrew King bought 19 shares of Mondi stock. The shares were bought at an average cost of GBX 785 per share, for a total transaction of £149.15.
• On Thursday, April 9th, Andrew King purchased 34 shares of Mondi stock. The stock was purchased at an average price of GBX 860 per share, with a total value of £292.40.

Mondi Trading Up 1.2%

MNDI opened at GBX 707.80 on Friday. Mondi plc has a 52 week low of GBX 660 and a 52 week high of GBX 1,212.50. The company has a market capitalization of £3.12 billion, a P/E ratio of 18.93, a PEG ratio of 0.76 and a beta of 0.58. The stock’s fifty day moving average is GBX 734.17 and its two-hundred day moving average is GBX 822.14. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 60.89.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MNDI shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 760 price objective on shares of Mondi in a research report on Monday, May 11th. JPMorgan Chase & Co. cut their price objective on shares of Mondi from GBX 1,040 to GBX 840 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Citigroup lowered their target price on shares of Mondi from GBX 1,000 to GBX 940 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 985.

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.