Mondi Plc’s (MNDI) Buy Rating Reaffirmed at Deutsche Bank AG
MNDI has been the topic of several other research reports. Jefferies Group LLC reissued a buy rating and set a GBX 2,250 ($29.06) target price on shares of Mondi Plc in a research note on Thursday, May 18th. Credit Suisse Group reissued a neutral rating and set a GBX 2,135 ($27.57) target price on shares of Mondi Plc in a research note on Tuesday, May 30th. Finally, J P Morgan Chase & Co reissued an overweight rating on shares of Mondi Plc in a research note on Friday, August 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of GBX 2,157.86 ($27.87).
Shares of Mondi Plc (LON:MNDI) opened at 2050.00 on Friday. Mondi Plc has a 12-month low of GBX 1,495.00 and a 12-month high of GBX 2,134.00. The company’s market capitalization is GBX 9.93 billion. The company has a 50 day moving average price of GBX 2,041.39 and a 200 day moving average price of GBX 2,002.25.
The business also recently declared a dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Thursday, August 24th will be given a €0.19 ($0.23) dividend. This represents a yield of 0.87%. The ex-dividend date of this dividend is Thursday, August 24th.
In related news, insider Andrew King purchased 20,000 shares of Mondi Plc stock in a transaction on Thursday, August 10th. The shares were bought at an average price of GBX 1,993 ($25.74) per share, with a total value of £398,600 ($514,787.55). Also, insider Tanya Fratto purchased 1,000 shares of Mondi Plc stock in a transaction on Friday, September 1st. The stock was bought at an average cost of GBX 2,117 ($27.34) per share, for a total transaction of £21,170 ($27,340.82). Insiders acquired a total of 21,022 shares of company stock worth $42,021,034 in the last ninety days.
Mondi Plc Company Profile
Mondi plc is a United Kingdom-based packaging and paper company. The Company is engaged in managing forests and producing pulp, paper and compound plastics for industrial and consumer packaging. The Company and Mondi Limited, under a dual listed company (DLC) structure, operate together as a single economic entity.
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