Mondi (LON:MNDI) Insider Andrew King Purchases 36 Shares of Stock

Mondi plc (LON:MNDI) insider Andrew King acquired 36 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of GBX 861 per share, with a total value of £309.96.

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

• 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 transaction of £302,746.40.
• On Thursday, January 8th, Andrew King bought 17 shares of Mondi stock. The stock was bought at an average price of GBX 882 per share, with a total value of £149.94.

Mondi Stock Down 4.7%

LON:MNDI opened at GBX 814.40 on Tuesday. 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 50 day moving average of GBX 893.62 and a 200-day moving average of GBX 905.31. The firm has a market capitalization of £3.59 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 0.76 and a beta of 0.69. Mondi plc has a 52 week low of GBX 801.60 and a 52 week high of GBX 1,291.50.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MNDI. Citigroup cut their target price on Mondi from GBX 1,250 to GBX 1,030 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. JPMorgan Chase & Co. increased their price objective on shares of Mondi from GBX 840 to GBX 970 and gave the stock a “neutral” rating in a report on Friday, December 5th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,133.33.

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.