Mondi Plc (LON:MNDI) insider Andrew King acquired 9 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of GBX 1,607 ($21.00) per share, for a total transaction of £144.63 ($188.98).

LON:MNDI opened at GBX 1,650 ($21.56) on Thursday. The firm’s fifty day simple moving average is GBX 1,646.40 and its 200-day simple moving average is GBX 1,720.30. The company has a quick ratio of 0.81, a current ratio of 1.47 and a debt-to-equity ratio of 58.89. The stock has a market cap of $8.01 billion and a PE ratio of 10.20. Mondi Plc has a fifty-two week low of GBX 1,502.79 ($19.64) and a fifty-two week high of GBX 2,519.21 ($32.92).

The business also recently declared a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 15th will be issued a €0.27 ($0.32) dividend. The ex-dividend date is Thursday, August 15th. This represents a dividend yield of 1.46%. Mondi’s dividend payout ratio is presently 0.44%.

A number of brokerages have recently issued reports on MNDI. Deutsche Bank cut their target price on Mondi from GBX 2,200 ($28.75) to GBX 2,000 ($26.13) and set a “buy” rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. decreased their price target on Mondi from GBX 2,070 ($27.05) to GBX 2,000 ($26.13) and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, UBS Group restated a “buy” rating on shares of Mondi in a research note on Monday, August 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Mondi presently has an average rating of “Buy” and a consensus target price of GBX 1,980 ($25.87).

About Mondi

Mondi plc manufactures and sells packaging and paper products in the United Kingdom, Africa, Europe, Russia, North America, South America, Asia, and Australia. The company offers flexible packaging, bags, and pouches; personal care components; release liners; technical films; corrugated packaging; industrial bags; barrier coatings; specialty Kraft paper; sack Kraft paper; containerboards; office and professional printing papers; and paper for sustainable and promotional events, as well as product training courses.

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