Andrew King Purchases 17 Shares of Mondi (LON:MNDI) Stock

Mondi plc (LON:MNDI) insider Andrew King purchased 17 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were acquired at an average price of GBX 882 per share, with a total value of £149.94.

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

• On Friday, December 5th, Andrew King acquired 17 shares of Mondi stock. The stock was bought at an average price of GBX 874 per share, for a total transaction of £148.58.
• On Thursday, November 20th, Andrew King bought 25,000 shares of Mondi stock. The stock was bought at an average cost of GBX 826 per share, for a total transaction of £206,500.
• On Friday, November 7th, Andrew King bought 18 shares of Mondi stock. The shares were bought at an average price of GBX 815 per share, with a total value of £146.70.

Mondi Price Performance

MNDI stock traded up GBX 9 during midday trading on Friday, reaching GBX 912.40. The company had a trading volume of 2,732,368 shares, compared to its average volume of 1,205,309. The firm has a 50-day moving average price of GBX 868.58 and a 200-day moving average price of GBX 981.58. The company has a market capitalization of £4.02 billion, a P/E ratio of 21.12, a P/E/G ratio of 0.76 and a beta of 0.68. Mondi plc has a 1 year low of GBX 801.60 and a 1 year high of GBX 1,338. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on Mondi from GBX 840 to GBX 970 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Citigroup dropped their target price on Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Finally, Jefferies Financial Group reduced their price target on shares of Mondi from GBX 1,700 to GBX 1,400 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 1,206.67.

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.