Mondi (LON:MNDI) Insider Andrew King Buys 34 Shares of Stock

Mondi plc (LON:MNDI) insider Andrew King acquired 34 shares of Mondi stock in a transaction dated Thursday, April 9th. The stock was acquired at an average cost of GBX 860 per share, with a total value of £292.40.

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

• On Friday, March 6th, Andrew King acquired 36 shares of Mondi stock. The stock was acquired 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 shares were sold at an average price of GBX 880, for a total value of £302,746.40.

Mondi Stock Up 0.8%

MNDI opened at GBX 860.60 on Friday. Mondi plc has a 1-year low of GBX 776 and a 1-year high of GBX 1,250.50. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 64.04. The stock has a market capitalization of £3.79 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 0.76 and a beta of 0.65. The business has a 50 day moving average of GBX 867.09 and a 200-day moving average of GBX 876.32.

Analyst Upgrades and Downgrades

MNDI has been the subject of several research reports. Citigroup reduced their price objective on Mondi from GBX 1,250 to GBX 1,030 and set a “buy” rating for the company in a research report on Wednesday, March 4th. JPMorgan Chase & Co. increased their price objective on Mondi from GBX 900 to GBX 990 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,140.

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.