Mondi (LON:MNDI) Insider Andrew King Acquires 19 Shares of Company Stock

Mondi plc (LON:MNDI) insider Andrew King purchased 19 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The stock was bought at an average cost of GBX 776 per share, with a total value of £147.44.

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

• On Wednesday, October 7th, Andrew King bought 20 shares of Mondi stock. The stock was acquired at an average price of GBX 791 per share, for a total transaction of £158.20.
• On Monday, September 7th, Andrew King bought 34 shares of Mondi stock. The shares were bought at an average cost of GBX 844 per share, for a total transaction of £286.96.

Mondi Trading Up 0.1%

Shares of MNDI stock traded up GBX 0.40 during trading hours on Monday, hitting GBX 792. 237,468 shares of the company’s stock traded hands, compared to its average volume of 9,826,615. The stock’s 50 day simple moving average is GBX 803.27 and its 200 day simple moving average is GBX 810.43. The stock has a market cap of £3.49 billion, a PE ratio of -13.42, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61. Mondi plc has a 12 month low of GBX 660 and a 12 month high of GBX 981.40. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 62.05.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MNDI. 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 reissued a “buy” rating and issued a GBX 1,080 price objective on shares of Mondi in a research note on Thursday, October 15th. Citigroup boosted their price objective on Mondi from GBX 820 to GBX 1,040 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. lowered their target price on Mondi from GBX 840 to GBX 800 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 936.25.

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.