Mondi (LON:MNDI) Insider Buys £146.70 in Stock

Mondi plc (LON:MNDI) insider Andrew King bought 18 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was acquired at an average cost of GBX 815 per share, with a total value of £146.70.

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

• On Tuesday, October 7th, Andrew King purchased 18 shares of Mondi stock. The shares were bought at an average cost of GBX 871 per share, for a total transaction of £156.78.

Mondi Trading Up 1.3%

Shares of MNDI stock opened at GBX 857.40 on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00. Mondi plc has a 12-month low of GBX 801.60 and a 12-month high of GBX 1,338. The stock has a market capitalization of £3.78 billion, a P/E ratio of 19.85, a P/E/G ratio of 0.76 and a beta of 0.68. The firm’s 50 day moving average is GBX 916.79 and its 200 day moving average is GBX 1,069.22.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MNDI. Jefferies Financial Group lowered their price objective on shares of Mondi from GBX 1,700 to GBX 1,400 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of Mondi from GBX 1,180 to GBX 840 and set a “neutral” rating for the company in a report on Monday, October 20th. Finally, Citigroup dropped their price target on shares of Mondi from GBX 1,530 to GBX 1,250 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Mondi currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,163.33.

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.