Insider Buying: Mondi (LON:MNDI) Insider Acquires 17 Shares of Stock

Mondi plc (LON:MNDI) insider Andrew King purchased 17 shares of Mondi stock in a transaction dated Friday, December 5th. The shares were purchased at an average price of GBX 874 per share, for a total transaction of £148.58.

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

• On Thursday, November 20th, Andrew King bought 25,000 shares of Mondi stock. The shares were acquired at an average cost of GBX 826 per share, for a total transaction of £206,500.
• On Friday, November 7th, Andrew King purchased 18 shares of Mondi stock. The shares were acquired at an average cost of GBX 815 per share, with a total value of £146.70.
• On Tuesday, October 7th, Andrew King purchased 18 shares of Mondi stock. The shares were acquired at an average price of GBX 871 per share, for a total transaction of £156.78.

Mondi Trading Down 1.1%

LON MNDI traded down GBX 9.84 on Monday, reaching GBX 862.40. The company had a trading volume of 1,567,907 shares, compared to its average volume of 6,995,162. The firm has a market cap of £3.80 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 0.76 and a beta of 0.68. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14. Mondi plc has a fifty-two week low of GBX 801.60 and a fifty-two week high of GBX 1,338. The business has a 50 day moving average of GBX 863.27 and a two-hundred day moving average of GBX 1,030.64.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MNDI shares. Jefferies Financial Group lowered their price objective on Mondi from GBX 1,700 to GBX 1,400 and set a “buy” rating for the company in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Mondi from GBX 840 to GBX 970 and gave the stock a “neutral” rating in a research note on Friday. Finally, Citigroup cut their price target on shares of Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,206.67.

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.