Shares of Mondi Plc (LON:MNDI) have earned a consensus rating of “Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 2,216.67 ($28.96).
A number of equities analysts have recently weighed in on MNDI shares. UBS Group reiterated a “buy” rating on shares of Mondi in a report on Monday, February 18th. Jefferies Financial Group dropped their target price on Mondi from GBX 2,250 ($29.40) to GBX 1,950 ($25.48) and set a “buy” rating on the stock in a report on Friday, January 4th. Deutsche Bank reiterated a “buy” rating and issued a GBX 2,200 ($28.75) target price on shares of Mondi in a report on Wednesday, March 6th. Finally, Goldman Sachs Group upped their target price on Mondi from GBX 1,925 ($25.15) to GBX 1,975 ($25.81) and gave the company a “neutral” rating in a report on Tuesday, February 19th.
In related news, insider Andrew King sold 7,629 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of GBX 1,791 ($23.40), for a total value of £136,635.39 ($178,538.34).
The firm also recently announced a dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 11th will be issued a €0.55 ($0.63) dividend. This is an increase from Mondi’s previous dividend of $0.21. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 2.53%. Mondi’s dividend payout ratio is currently 0.41%.
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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