Mondi (MNDI) Receives Buy Rating from Deutsche Bank Posted by Shane Hupp on May 12th, 2019 Tweet
Deutsche Bank reiterated their buy rating on shares of Mondi (LON:MNDI) in a research note released on Wednesday, Digital Look reports. Deutsche Bank currently has a GBX 2,200 ($28.75) price objective on the stock.
A number of other equities research analysts have also commented on the company. UBS Group restated a buy rating on shares of Mondi in a research report on Friday, May 3rd. Jefferies Financial Group restated a buy rating and set a GBX 2,050 ($26.79) price objective on shares of Mondi in a research report on Tuesday, April 23rd. Goldman Sachs Group decreased their price objective on Mondi from GBX 1,975 ($25.81) to GBX 1,850 ($24.17) and set a neutral rating for the company in a research report on Tuesday, April 23rd. Finally, Credit Suisse Group restated an outperform rating on shares of Mondi in a research report on Wednesday, April 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of GBX 2,155 ($28.16). Get Mondi alerts:
Shares of LON MNDI opened at GBX 1,657.50 ($21.66) on Wednesday. Mondi has a one year low of GBX 1,557.50 ($20.35) and a one year high of GBX 2,250 ($29.40). The stock has a market cap of $6.07 billion and a price-to-earnings ratio of 10.24. The company has a debt-to-equity ratio of 59.35, a current ratio of 1.35 and a quick ratio of 0.74. The firm also recently disclosed a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 11th will be given a dividend of €0.55 ($0.63) per share. The ex-dividend date is Thursday, April 11th. This is a positive change from Mondi’s previous dividend of $0.21. This represents a yield of 2.53%. Mondi’s dividend payout ratio (DPR) is presently 0.41%.
In other news, insider Andrew King sold 7,629 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of GBX 1,791 ($23.40), for a total transaction of £136,635.39 ($178,538.34).
About Mondi
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.
