Mondi plc (LON:MNDI) Insider Andrew King Acquires 24 Shares

Mondi plc (LON:MNDI) insider Andrew King bought 24 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of GBX 1,287 ($16.57) per share, with a total value of £308.88 ($397.68).

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

• On Thursday, February 27th, Andrew King sold 35,509 shares of Mondi stock. The shares were sold at an average price of GBX 1,222 ($15.73), for a total value of £433,919.98 ($558,671.28).
• On Wednesday, January 8th, Andrew King acquired 26 shares of Mondi stock. The stock was acquired at an average cost of GBX 1,161 ($14.95) per share, for a total transaction of £301.86 ($388.64).

Mondi Stock Performance

MNDI stock opened at GBX 1,253.50 ($16.14) on Tuesday. The company has a 50 day moving average price of GBX 1,228.83 and a 200 day moving average price of GBX 1,286.62. Mondi plc has a fifty-two week low of GBX 1,134.50 ($14.61) and a fifty-two week high of GBX 1,618 ($20.83). The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14. The stock has a market capitalization of £6.59 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68.

Wall Street Analyst Weigh In

Separately, Citigroup cut their price target on Mondi from GBX 1,600 ($20.60) to GBX 1,550 ($19.96) and set a “buy” rating for the company in a report on Tuesday, February 25th.

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.