Insider Buying: Mondi (LON:MNDI) Insider Acquires £156.78 in Stock

Mondi plc (LON:MNDI) insider Andrew King bought 18 shares of the firm’s stock in a transaction on Tuesday, October 7th. The shares were purchased at an average price of GBX 871 per share, for a total transaction of £156.78.

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

• On Thursday, August 7th, Andrew King acquired 15 shares of Mondi stock. The shares were purchased at an average price of GBX 1,061 per share, for a total transaction of £159.15.

Mondi Price Performance

LON:MNDI opened at GBX 824.20 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00. The business’s 50-day simple moving average is GBX 1,018.26 and its two-hundred day simple moving average is GBX 1,111.91. The stock has a market cap of £3.63 billion, a PE ratio of 1,907.87, a P/E/G ratio of 0.76 and a beta of 0.68. Mondi plc has a 52 week low of GBX 824.20 and a 52 week high of GBX 1,477.50.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MNDI shares. JPMorgan Chase & Co. decreased their target price on Mondi from GBX 1,460 to GBX 1,240 and set an “overweight” rating on the stock in a research note on Monday, August 11th. Citigroup reduced their price objective on shares of Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group reduced their price target on shares of Mondi from GBX 1,700 to GBX 1,400 and set a “buy” rating on the stock in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 1,296.67.

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.