Goldman Sachs Group, Inc. (The) Boosts Mondi Plc (MNDI) Price Target to GBX 2,200
Mondi Plc (LON:MNDI) had its target price lifted by Goldman Sachs Group, Inc. (The) from GBX 2,100 ($27.12) to GBX 2,200 ($28.41) in a research note released on Tuesday morning, MarketBeat reports. The firm currently has a neutral rating on the stock.
Other research analysts have also recently issued reports about the company. Jefferies Group LLC reissued a buy rating and issued a GBX 2,250 ($29.06) price target on shares of Mondi Plc in a report on Thursday, May 18th. Deutsche Bank AG reaffirmed a buy rating on shares of Mondi Plc in a research note on Friday, September 8th. Credit Suisse Group reaffirmed a neutral rating and issued a GBX 2,135 ($27.57) price objective on shares of Mondi Plc in a research note on Tuesday, May 30th. Finally, J P Morgan Chase & Co reaffirmed an overweight rating on shares of Mondi Plc in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of GBX 2,186.43 ($28.24).
Shares of Mondi Plc (LON MNDI) opened at 2006.00 on Tuesday. Mondi Plc has a 12 month low of GBX 1,495.00 and a 12 month high of GBX 2,134.00. The stock’s 50 day moving average price is GBX 2,043.73 and its 200 day moving average price is GBX 2,005.19. The company’s market capitalization is GBX 9.72 billion.
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The business also recently announced a dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Thursday, August 24th will be given a dividend of €0.19 ($0.23) per share. This represents a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, August 24th.
In other Mondi Plc news, insider Andrew King acquired 20,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were bought at an average price of GBX 1,993 ($25.74) per share, with a total value of £398,600 ($514,787.55). Also, insider Tanya Fratto acquired 1,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was acquired at an average cost of GBX 2,117 ($27.34) per share, for a total transaction of £21,170 ($27,340.82). In the last three months, insiders have bought 21,022 shares of company stock worth $42,021,034.
Mondi Plc Company Profile
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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