Mondi (LON:MNDI) Price Target Raised to GBX 1,700 at Royal Bank of Canada

Mondi (LON:MNDI) had its price objective lifted by Royal Bank of Canada from GBX 1,650 ($20.73) to GBX 1,700 ($21.36) in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Mondi Stock Up 1.1 %

LON:MNDI opened at GBX 1,586 ($19.92) on Tuesday. The stock has a fifty day simple moving average of GBX 1,424.04 and a 200-day simple moving average of GBX 1,421.24. The company has a current ratio of 2.09, a quick ratio of 1.14 and a debt-to-equity ratio of 33.19. The company has a market cap of £6.99 billion, a price-to-earnings ratio of 1,635.05, a price-to-earnings-growth ratio of 0.76 and a beta of 0.73. Mondi has a twelve month low of GBX 1,290.95 ($16.22) and a twelve month high of GBX 1,719.85 ($21.61).

Mondi Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Investors of record on Thursday, April 4th will be paid a dividend of €0.47 ($0.50) per share. This represents a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, April 4th. Mondi’s dividend payout ratio (DPR) is currently 6,391.75%.

Insider Transactions at Mondi

In related news, insider Andrew King acquired 20 shares of the stock in a transaction dated Thursday, March 7th. The stock was acquired at an average cost of GBX 1,395 ($17.53) per share, for a total transaction of £279 ($350.50). In other news, insider Philip Yea acquired 5,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were bought at an average price of GBX 1,545 ($19.41) per share, for a total transaction of £77,250 ($97,047.74). Also, insider Andrew King bought 20 shares of the stock in a transaction dated Thursday, March 7th. The shares were bought at an average price of GBX 1,395 ($17.53) per share, for a total transaction of £279 ($350.50). Over the last three months, insiders have acquired 5,030 shares of company stock valued at $7,768,530. Corporate insiders own 1.38% of the company’s stock.

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.