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

Mondi plc (LON:MNDI) insider Andrew King bought 19 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of GBX 785 per share, with a total value of £149.15.

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

• On Thursday, April 9th, Andrew King purchased 34 shares of Mondi stock. The stock was bought at an average price of GBX 860 per share, for a total transaction of £292.40.
• On Friday, March 6th, Andrew King acquired 36 shares of Mondi stock. The shares were bought at an average cost of GBX 861 per share, with a total value of £309.96.
• On Thursday, February 26th, Andrew King sold 34,403 shares of Mondi stock. The stock was sold at an average price of GBX 880, for a total value of £302,746.40.

Mondi Stock Performance

Shares of MNDI stock traded down GBX 14.35 during midday trading on Monday, hitting GBX 767.80. The company had a trading volume of 993,761 shares, compared to its average volume of 11,918,874. The stock has a market cap of £3.38 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 0.76 and a beta of 0.56. The company has a debt-to-equity ratio of 64.04, a current ratio of 1.53 and a quick ratio of 1.14. The company’s 50 day simple moving average is GBX 833.42 and its 200 day simple moving average is GBX 861.65. Mondi plc has a 52-week low of GBX 728.20 and a 52-week high of GBX 1,250.50.

Wall Street Analysts Forecast Growth

MNDI has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 760 price objective on shares of Mondi in a research note on Monday. JPMorgan Chase & Co. increased their price target on shares of Mondi from GBX 990 to GBX 1,040 and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Citigroup reduced their price objective on shares of Mondi from GBX 1,000 to GBX 940 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 1,035.

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. 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.