Andrew King Acquires 20 Shares of Mondi (LON:MNDI) Stock

Mondi plc (LON:MNDI) insider Andrew King bought 20 shares of the business’s stock in a transaction on Friday, June 5th. The stock was bought at an average price of GBX 753 per share, for a total transaction of £150.60.

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

• On Friday, May 8th, Andrew King bought 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 bought 34 shares of Mondi stock. The shares were purchased at an average cost of GBX 860 per share, with a total value of £292.40.

Mondi Stock Down 1.3%

Shares of Mondi stock traded down GBX 10 during trading on Monday, reaching GBX 738.80. The company’s stock had a trading volume of 2,576,839 shares, compared to its average volume of 11,171,262. Mondi plc has a 1-year low of GBX 722.40 and a 1-year high of GBX 1,250.50. The company has a market cap of £3.26 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 0.76 and a beta of 0.57. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 64.04. The company has a 50-day simple moving average of GBX 795.45 and a two-hundred day simple moving average of GBX 848.23.

Analyst Ratings Changes

A number of equities analysts have issued reports on MNDI shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 760 price target on shares of Mondi in a research report on Monday, May 11th. Citigroup lowered their price target on shares of Mondi from GBX 1,000 to GBX 940 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Mondi from GBX 990 to GBX 1,040 and gave the company a “neutral” rating in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mondi currently has an average rating of “Moderate Buy” and a consensus 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.