Mondi Plc (LON:MNDI) Receives GBX 1,796.88 Average Target Price from Analysts
Mondi Plc (LON:MNDI) has been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 1,764.38 ($23.21).
MNDI has been the topic of several research reports. BNP Paribas upgraded Mondi to an “outperform” rating and raised their target price for the company from GBX 1,800 ($23.68) to GBX 1,900 ($24.99) in a research report on Friday, February 28th. Credit Suisse Group raised their target price on Mondi from GBX 2,025 ($26.64) to GBX 2,050 ($26.97) and gave the company an “outperform” rating in a research report on Thursday, March 5th. Jefferies Financial Group decreased their target price on Mondi from GBX 1,870 ($24.60) to GBX 1,650 ($21.70) and set a “buy” rating on the stock in a research report on Thursday, April 2nd. UBS Group reduced their price objective on Mondi from GBX 1,830 ($24.07) to GBX 1,750 ($23.02) and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Mondi from GBX 1,760 ($23.15) to GBX 1,500 ($19.73) and set a “neutral” rating on the stock in a research report on Friday.
In other news, insider Peter Oswald sold 17,730 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of GBX 1,641 ($21.59), for a total value of £290,949.30 ($382,727.31). Also, insider Andrew King bought 22 shares of Mondi stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of GBX 1,332 ($17.52) per share, with a total value of £293.04 ($385.48).
The firm also recently declared a dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 2nd were issued a dividend of €0.56 ($0.65) per share. This represents a yield of 2.93%. This is an increase from Mondi’s previous dividend of $0.27. The ex-dividend date was Thursday, April 2nd. Mondi’s payout ratio is 0.45%.
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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