Insider Buying: Mondi (LON:MNDI) Insider Buys £44,400 in Stock

Mondi plc (LON:MNDI) insider Philip Yea purchased 5,000 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were bought at an average price of GBX 888 per share, with a total value of £44,400.

Mondi Stock Performance

MNDI opened at GBX 847.91 on Thursday. The company has a market cap of £3.74 billion, a PE ratio of 1,962.75, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The stock has a 50-day moving average of GBX 1,026.01 and a 200-day moving average of GBX 1,117.07. Mondi plc has a 52-week low of GBX 830.40 and a 52-week high of GBX 1,477.50. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06.

Analyst Upgrades and Downgrades

MNDI has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Mondi from GBX 1,460 to GBX 1,240 and set an “overweight” rating for the company in a research report on Monday, August 11th. Citigroup cut their price objective on Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price 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.