Mondi (LON:MNDI) Insider Buys £298.20 in Stock

Mondi plc (LON:MNDI) insider Andrew King acquired 42 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average cost of GBX 710 per share, with a total value of £298.20.

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

• On Friday, June 5th, Andrew King bought 20 shares of Mondi stock. The shares were bought at an average cost of GBX 753 per share, for a total transaction of £150.60.
• On Friday, May 8th, Andrew King purchased 19 shares of Mondi stock. The stock was purchased at an average price of GBX 785 per share, with a total value of £149.15.
• On Thursday, April 9th, Andrew King purchased 34 shares of Mondi stock. The stock was purchased at an average price of GBX 860 per share, with a total value of £292.40.

Mondi Price Performance

Shares of LON MNDI traded down GBX 16.30 during mid-day trading on Wednesday, hitting GBX 687.70. 122,276,141 shares of the stock traded hands, compared to its average volume of 14,677,580. The company has a market cap of £3.03 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 0.76 and a beta of 0.58. Mondi plc has a twelve month low of GBX 667 and a twelve month high of GBX 1,219.50. The company has a debt-to-equity ratio of 60.89, a current ratio of 1.53 and a quick ratio of 1.14. The firm has a 50 day simple moving average of GBX 736.83 and a two-hundred day simple moving average of GBX 825.74.

Analysts Set New Price Targets

MNDI has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 760 price objective on shares of Mondi in a research note on Monday, May 11th. JPMorgan Chase & Co. boosted their target price 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 decreased their price target 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, Mondi presently has an average rating of “Moderate Buy” and an average target price 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.