Insider Buying: Mondi plc (LON:MNDI) Insider Purchases £308.88 in Stock

Mondi plc (LON:MNDI) insider Andrew King acquired 24 shares of Mondi stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost of GBX 1,287 ($16.69) per share, for a total transaction of £308.88 ($400.57).

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

• On Thursday, February 27th, Andrew King sold 35,509 shares of Mondi stock. The stock was sold at an average price of GBX 1,222 ($15.85), for a total value of £433,919.98 ($562,728.54).
• On Wednesday, January 8th, Andrew King bought 26 shares of Mondi stock. The shares were bought at an average price of GBX 1,161 ($15.06) per share, for a total transaction of £301.86 ($391.47).

Mondi Stock Performance

Shares of MNDI stock opened at GBX 1,251.50 ($16.23) on Thursday. Mondi plc has a 12 month low of GBX 1,134.50 ($14.71) and a 12 month high of GBX 1,618 ($20.98). The firm has a market capitalization of £6.58 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The firm has a fifty day simple moving average of GBX 1,231.14 and a two-hundred day simple moving average of GBX 1,284.02. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00.

Analyst Upgrades and Downgrades

Separately, Citigroup cut their price objective on shares of Mondi from GBX 1,600 ($20.75) to GBX 1,550 ($20.10) and set a “buy” rating on the stock in a research 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.