Shares of Mondi Plc (LON:MNDI) have been assigned an average rating of “Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 1,747.50 ($22.83).
A number of brokerages have issued reports on MNDI. UBS Group increased their target price on shares of Mondi from GBX 1,750 ($22.87) to GBX 1,900 ($24.83) and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Morgan Stanley reduced their target price on shares of Mondi from GBX 1,820 ($23.78) to GBX 1,630 ($21.30) and set an “overweight” rating for the company in a report on Monday, May 25th.
In other news, insider Andrew King acquired 15,000 shares of Mondi stock in a transaction that occurred on Monday, June 29th. The stock was purchased at an average cost of GBX 1,496 ($19.55) per share, with a total value of £224,400 ($293,218.35).
The business also recently disclosed a dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Thursday, August 20th will be given a dividend of €0.49 ($0.57) per share. This represents a dividend yield of 2.99%. The ex-dividend date is Thursday, August 20th. Mondi’s payout ratio is currently 42.03%.
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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