Mondi plc (OTCMKTS:MONDY) Given Consensus Recommendation of “Buy” by Brokerages

Mondi plc (OTCMKTS:MONDYGet Rating) has been given an average recommendation of “Buy” by the nine ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $1,886.00.

Several brokerages have issued reports on MONDY. Zacks Investment Research downgraded shares of Mondi from a “buy” rating to a “hold” rating in a research report on Saturday, May 14th. BNP Paribas raised shares of Mondi to an “outperform” rating in a research report on Friday, May 6th. Morgan Stanley increased their price objective on shares of Mondi from GBX 1,500 ($18.49) to GBX 1,700 ($20.96) in a research report on Thursday, May 12th. Exane BNP Paribas raised shares of Mondi from a “neutral” rating to an “outperform” rating in a research report on Friday, May 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Mondi from GBX 2,000 ($24.65) to GBX 2,072 ($25.54) in a research report on Friday, May 6th.

MONDY opened at $37.51 on Thursday. The firm has a 50 day moving average price of $38.84 and a 200 day moving average price of $45.31. Mondi has a 1 year low of $34.15 and a 1 year high of $59.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.68 and a quick ratio of 1.05.

The business also recently declared a dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Friday, April 8th will be given a dividend of $0.9429 per share. This represents a dividend yield of 3.34%. The ex-dividend date is Thursday, April 7th.

About Mondi (Get Rating)

Mondi plc engages in the manufacture and sale of packaging and paper products in Africa, Western Europe, Emerging Europe, Russia, North America, South America, Asia, and Australia. It operates in Corrugated Packaging, Flexible Packaging, Engineered Materials, and Uncoated Fine Paper segments. The company offers flexible packaging, bags, and pouches; personal care components; release liners; technical films; corrugated packaging solutions; industrial bags; barrier coatings; specialty Kraft and sack Kraft papers; containerboards; and office and professional printing papers.

Further Reading

Analyst Recommendations for Mondi (OTCMKTS:MONDY)

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