Mondi (LON:MNDI) Insider Purchases 20 Shares of Company Stock

Mondi plc (LON:MNDI) insider Andrew King acquired 20 shares of the company’s stock in a transaction dated Wednesday, October 7th. The stock was acquired at an average price of GBX 791 per share, for a total transaction of £158.20.

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

• On Monday, September 7th, Andrew King purchased 34 shares of Mondi stock. The stock was acquired at an average cost of GBX 844 per share, for a total transaction of £286.96.
• On Friday, August 7th, Andrew King bought 34 shares of Mondi stock. The shares were bought at an average price of GBX 907 per share, with a total value of £308.38.

Mondi Stock Performance

Shares of LON MNDI traded down GBX 1.20 during trading hours on Thursday, reaching GBX 775.20. The stock had a trading volume of 245,832 shares, compared to its average volume of 9,780,010. The company has a market cap of £3.42 billion, a price-to-earnings ratio of -13.14, a PEG ratio of 0.76 and a beta of 0.61. Mondi plc has a twelve month low of GBX 660 and a twelve month high of GBX 981.40. The business’s fifty day moving average is GBX 852.21 and its two-hundred day moving average is GBX 796.38. The company has a debt-to-equity ratio of 62.05, a current ratio of 1.55 and a quick ratio of 1.14.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup lifted 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. Deutsche Bank Aktiengesellschaft increased their target price on Mondi from GBX 760 to GBX 825 and gave the stock a “hold” rating in a report on Monday, August 3rd. Jefferies Financial Group cut their target price on Mondi from GBX 1,085 to GBX 1,080 and set a “buy” rating for the company in a research report on Friday, September 25th. Finally, JPMorgan Chase & Co. decreased their price target on Mondi from GBX 840 to GBX 800 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 936.25.

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.