Mondi Plc (MNDI) Given Average Recommendation of “Buy” by Brokerages
Shares of Mondi Plc (LON:MNDI) have been assigned a consensus rating of “Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,141 ($27.65).
MNDI has been the subject of several research reports. Jefferies Group LLC restated a “buy” rating and issued a GBX 2,250 ($29.06) target price on shares of Mondi Plc in a research note on Thursday, May 18th. Credit Suisse Group restated a “neutral” rating and issued a GBX 2,135 ($27.57) target price on shares of Mondi Plc in a research note on Tuesday, May 30th. Deutsche Bank AG restated a “buy” rating and issued a GBX 2,200 ($28.41) target price on shares of Mondi Plc in a research note on Wednesday, June 14th. J P Morgan Chase & Co raised their target price on Mondi Plc from GBX 2,080 ($26.86) to GBX 2,300 ($29.70) and gave the company an “overweight” rating in a research note on Friday, June 23rd. Finally, Goldman Sachs Group, Inc. (The) raised their target price on Mondi Plc from GBX 2,100 ($27.12) to GBX 2,200 ($28.41) and gave the company a “neutral” rating in a research note on Tuesday.
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In related news, insider Tanya Fratto purchased 1,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was acquired at an average price of GBX 2,117 ($27.34) per share, for a total transaction of £21,170 ($27,340.82). Also, insider Andrew King purchased 20,000 shares of the business’s 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). Insiders have acquired a total of 21,022 shares of company stock valued at $42,021,034 in the last quarter.
Shares of Mondi Plc (MNDI) traded up 1.46% during mid-day trading on Tuesday, hitting GBX 2080.00. The stock had a trading volume of 1,954,672 shares. The company’s market cap is GBX 10.07 billion. Mondi Plc has a 1-year low of GBX 1,495.00 and a 1-year high of GBX 2,134.00. The firm’s 50 day moving average price is GBX 2,042.43 and its 200 day moving average price is GBX 2,003.60.
The business also recently declared a dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Thursday, August 24th will be paid a dividend of €0.19 ($0.23) per share. The ex-dividend date is Thursday, August 24th. This represents a yield of 0.87%.
About Mondi Plc
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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