Key Points
- Insider buying: Mondi insider Andrew King bought 19 shares on May 8 at GBX 785 each, following two smaller purchases in March and April. He had previously sold 34,403 shares in February.
- Stock moved lower: Mondi shares were down 1.8% and opened at GBX 768.40, near the company’s 1-year low of GBX 728.20 and well below its 1-year high of GBX 1,250.50.
- Analyst sentiment is mixed: Recent broker updates include a hold from Deutsche Bank, a lower target from Citigroup, and a higher target from JPMorgan. Overall, Mondi carries a consensus rating of Moderate Buy with a target price of GBX 1,035.
Mondi plc (LON:MNDI - Get Free Report) insider Andrew King acquired 19 shares of the stock in a transaction dated Friday, May 8th. The stock was bought at an average price of GBX 785 per share, with a total value of £149.15.
Andrew King also recently made the following trade(s):
- On Thursday, April 9th, Andrew King bought 34 shares of Mondi stock. The shares were bought at an average cost of GBX 860 per share, for a total transaction of £292.40.
- On Friday, March 6th, Andrew King bought 36 shares of Mondi stock. The shares were bought at an average cost of GBX 861 per share, for a total transaction of £309.96.
- 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.
Mondi Trading Down 1.8%
MNDI opened at GBX 768.40 on Tuesday. Mondi plc has a 1-year low of GBX 728.20 and a 1-year high of GBX 1,250.50. 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 company has a market cap of £3.39 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 0.76 and a beta of 0.56. The company has a fifty day moving average price of GBX 829.17 and a two-hundred day moving average price of GBX 860.98.
Analyst Ratings Changes
A number of brokerages recently commented on MNDI. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 760 target price on shares of Mondi in a research report on Monday. Citigroup cut their price target on 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. boosted their price objective on 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 given a Hold rating to the company. According to MarketBeat.com, Mondi presently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,035.
Get Our Latest Analysis on MNDI
About Mondi
(
Get Free Report)
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.
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