Mondi (LON:MNDI) Insider Andrew King Purchases 34 Shares of Stock

Mondi plc (LON:MNDI) insider Andrew King bought 34 shares of the business’s stock in a transaction dated Monday, September 7th. The stock was purchased at an average price of GBX 844 per share, for a total transaction of £286.96.

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

• On Friday, August 7th, Andrew King purchased 34 shares of Mondi stock. The stock was bought at an average price of GBX 907 per share, for a total transaction of £308.38.
• On Tuesday, July 7th, Andrew King acquired 42 shares of Mondi stock. The stock was bought at an average price of GBX 710 per share, with a total value of £298.20.

Mondi Trading Up 0.8%

Shares of MNDI traded up GBX 6.80 during trading hours on Tuesday, reaching GBX 843.80. 1,358,032 shares of the company traded hands, compared to its average volume of 10,588,806. Mondi plc has a 12 month low of GBX 660 and a 12 month high of GBX 1,058. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 62.05. The company’s fifty day moving average price is GBX 808.48 and its two-hundred day moving average price is GBX 802.54. The company has a market capitalization of £3.72 billion, a price-to-earnings ratio of -14.30, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MNDI. JPMorgan Chase & Co. decreased their target price on Mondi from GBX 840 to GBX 800 and set a “neutral” rating for the company in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft upped their price target on Mondi from GBX 760 to GBX 825 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Jefferies Financial Group lowered their price objective on Mondi from GBX 1,100 to GBX 1,085 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, Citigroup boosted their target price on shares of Mondi from GBX 820 to GBX 1,040 and gave the company a “buy” rating in a report on Monday, August 10th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Mondi presently has a consensus rating of “Moderate Buy” and an average price target of GBX 937.50.

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. 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.