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

Mondi plc (LON:MNDI) insider Andrew King acquired 20 shares of Mondi stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost 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 shares were acquired 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 acquired at an average cost of GBX 860 per share, for a total transaction of £292.40.

Mondi Trading Down 1.3%

Shares of MNDI traded down GBX 10 during mid-day trading on Monday, reaching GBX 738.80. 2,576,839 shares of the company’s stock traded hands, compared to its average volume of 11,171,262. The company has a debt-to-equity ratio of 64.04, a current ratio of 1.53 and a quick ratio of 1.14. The stock’s 50-day moving average is GBX 795.45 and its two-hundred day moving average is GBX 848.23. Mondi plc has a 12 month low of GBX 722.40 and a 12 month high of GBX 1,250.50. The stock has a market cap of £3.26 billion, a P/E ratio of 19.75, a P/E/G ratio of 0.76 and a beta of 0.57.

Wall Street Analyst Weigh In

MNDI has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 760 target price on shares of Mondi in a research report on Monday, May 11th. Citigroup reduced their price target on shares of Mondi from GBX 1,000 to GBX 940 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mondi from GBX 990 to GBX 1,040 and gave the company a “neutral” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mondi presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,035.

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. 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.