Mondi plc (LON:MNDI) Insider Andrew King Acquires 15 Shares

Mondi plc (LON:MNDI) insider Andrew King bought 15 shares of Mondi stock in a transaction dated Thursday, August 7th. The shares were acquired at an average price of GBX 1,061 ($14.27) per share, with a total value of £159.15 ($214.06).

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

• On Monday, July 7th, Andrew King bought 24 shares of Mondi stock. The shares were acquired at an average price of GBX 1,186 ($15.95) per share, with a total value of £284.64 ($382.84).
• On Friday, June 6th, Andrew King bought 13 shares of Mondi stock. The shares were acquired at an average price of GBX 1,216 ($16.36) per share, with a total value of £158.08 ($212.62).

Mondi Stock Performance

LON:MNDI opened at GBX 1,079 ($14.51) on Friday. The stock has a market cap of £5.67 billion, a P/E ratio of 14.67, a PEG ratio of 0.76 and a beta of 0.68. The stock has a 50 day simple moving average of GBX 1,171.51 and a 200 day simple moving average of GBX 1,184.97. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00. Mondi plc has a 1-year low of GBX 973.80 ($13.10) and a 1-year high of GBX 1,497.50 ($20.14).

Wall Street Analysts Forecast Growth

MNDI has been the subject of several research analyst reports. Citigroup reduced their target price on Mondi from GBX 1,650 ($22.19) to GBX 1,550 ($20.85) and set a “buy” rating for the company in a research note on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on Mondi from GBX 1,430 ($19.23) to GBX 1,460 ($19.64) and gave the stock an “overweight” rating in a research note on Friday, July 18th.

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.