Mondi Plc (LON:MNDI) Insider Acquires £138.81 in Stock
Mondi Plc (LON:MNDI) insider Andrew King bought 7 shares of Mondi Plc stock in a transaction dated Friday, July 7th. The shares were bought at an average price of GBX 1,983 ($25.89) per share, for a total transaction of £138.81 ($181.26).
Shares of Mondi Plc (LON MNDI) traded up 0.34% during mid-day trading on Friday, reaching GBX 2053.00. 880,490 shares of the company’s stock were exchanged. The company’s market cap is GBX 9.94 billion. The company’s 50-day moving average price is GBX 2,038.56 and its 200 day moving average price is GBX 1,928.52. Mondi Plc has a 52-week low of GBX 1,447.00 and a 52-week high of GBX 2,121.00.
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A number of equities analysts have recently issued reports on the stock. J P Morgan Chase & Co upped their target price on shares of Mondi Plc from GBX 2,080 ($27.16) to GBX 2,300 ($30.03) and gave the stock an “overweight” rating in a research report on Friday, June 23rd. Jefferies Group LLC upped their target price on shares of Mondi Plc from GBX 2,250 ($29.38) to GBX 2,300 ($30.03) and gave the stock a “buy” rating in a research report on Tuesday. Deutsche Bank AG reiterated a “buy” rating and set a GBX 2,200 ($28.73) target price on shares of Mondi Plc in a research report on Wednesday, June 14th. Credit Suisse Group reissued a “neutral” rating and set a GBX 2,135 ($27.88) price target on shares of Mondi Plc in a research note on Tuesday, May 30th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 1,870 ($24.42) price target (up from GBX 1,500 ($19.59)) on shares of Mondi Plc in a research note on Thursday, March 30th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Mondi Plc currently has a consensus rating of “Buy” and an average price target of GBX 2,081.88 ($27.19).
Mondi Plc Company Profile
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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