Royal Bank of Canada Raises Mondi (LON:MNDI) Price Target to GBX 1,700

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

Mondi Trading Down 0.6 %

Mondi stock opened at GBX 1,553 ($19.51) on Tuesday. The business has a 50-day simple moving average of GBX 1,417.31 and a two-hundred day simple moving average of GBX 1,419.03. The company has a market cap of £6.85 billion, a P/E ratio of 1,611.34, a P/E/G ratio of 0.76 and a beta of 0.73. Mondi has a 52-week low of GBX 1,290.95 ($16.22) and a 52-week high of GBX 1,719.85 ($21.61). The company has a quick ratio of 1.14, a current ratio of 2.09 and a debt-to-equity ratio of 33.19.

Mondi Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Thursday, April 4th will be given a dividend of €0.47 ($0.50) per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 2.89%. Mondi’s payout ratio is currently 6,391.75%.

Insider Activity

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