J P Morgan Chase & Co reaffirmed their overweight rating on shares of Mondi Plc (LON:MNDI) in a research note published on Friday, August 4th.
MNDI has been the subject of several other reports. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a GBX 2,000 ($25.96) target price on shares of Mondi Plc in a research report on Monday, April 24th. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 2,250 ($29.21) price objective on shares of Mondi Plc in a research report on Thursday, May 18th. Deutsche Bank AG upped their price objective on shares of Mondi Plc from GBX 2,100 ($27.26) to GBX 2,200 ($28.56) and gave the stock a buy rating in a research report on Friday, April 21st. Finally, Credit Suisse Group reaffirmed a neutral rating and issued a GBX 2,135 ($27.72) price objective on shares of Mondi Plc in a research report on Tuesday, May 30th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Mondi Plc has an average rating of Buy and a consensus price target of GBX 2,094.38 ($27.19).
Shares of Mondi Plc (LON MNDI) opened at 2030.00 on Friday. The stock has a 50 day moving average price of GBX 2,013.13 and a 200-day moving average price of GBX 1,965.20. The company’s market cap is GBX 9.83 billion. Mondi Plc has a 1-year low of GBX 1,495.00 and a 1-year high of GBX 2,121.00.
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The firm also recently declared a dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, August 24th will be paid a dividend of €0.19 ($0.22) per share. This represents a dividend yield of 0.87%. The ex-dividend date is Thursday, August 24th.
In other Mondi Plc news, insider Andrew King purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average cost of GBX 1,993 ($25.87) per share, for a total transaction of £398,600 ($517,460.73). Insiders have purchased a total of 20,015 shares of company stock worth $39,889,817 over the last 90 days.
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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