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

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

Mondi Price Performance

Shares of LON:MNDI opened at GBX 1,553 ($19.51) on Tuesday. The business’s 50 day simple moving average is GBX 1,417.31 and its 200-day simple moving average is GBX 1,419.03. The firm has a market capitalization of £6.85 billion, a price-to-earnings ratio of 1,611.34, a price-to-earnings-growth ratio of 0.76 and a beta of 0.73. The company has a debt-to-equity ratio of 33.19, a current ratio of 2.09 and a quick ratio of 1.14. Mondi has a 12 month low of GBX 1,290.95 ($16.22) and a 12 month high of GBX 1,719.85 ($21.61).

Mondi Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 14th. Stockholders 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 6,391.75%.

Insider Transactions at Mondi

In related news, insider Andrew King acquired 20 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was purchased at an average cost of GBX 1,395 ($17.53) per share, for a total transaction of £279 ($350.50). In related news, insider Andrew King acquired 20 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was purchased at an average cost of GBX 1,395 ($17.53) per share, for a total transaction of £279 ($350.50). Also, insider Philip Yea acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average price of GBX 1,545 ($19.41) per share, with a total value of £77,250 ($97,047.74). 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.