Shares of Mondi Plc (LON:MNDI) have been given a consensus recommendation of “Buy” by the six ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 1,975 ($25.81).
A number of equities analysts recently weighed in on MNDI shares. UBS Group restated a “buy” rating on shares of Mondi in a report on Friday, October 4th. JPMorgan Chase & Co. lowered their target price on shares of Mondi from GBX 2,070 ($27.05) to GBX 2,000 ($26.13) and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, Deutsche Bank lowered their target price on shares of Mondi from GBX 2,200 ($28.75) to GBX 2,000 ($26.13) and set a “buy” rating on the stock in a report on Friday, August 2nd.
In related news, insider Peter Oswald acquired 5,000 shares of Mondi stock in a transaction on Friday, August 16th. The stock was purchased at an average cost of GBX 1,533 ($20.03) per share, with a total value of £76,650 ($100,156.80). Over the last ninety days, insiders have acquired 5,019 shares of company stock valued at $7,694,833.
The business also recently disclosed a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 15th were given a dividend of €0.27 ($0.32) per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a yield of 1.46%. Mondi’s dividend payout ratio (DPR) is 0.44%.
Mondi Company Profile
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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