Mondi (LON:MNDI) Price Target Cut to GBX 2,000 by Analysts at Deutsche Bank

Mondi (LON:MNDI) had its price objective trimmed by Deutsche Bank from GBX 2,200 ($28.75) to GBX 2,000 ($26.13) in a report published on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently weighed in on MNDI. Goldman Sachs Group reduced their target price on Mondi from GBX 1,975 ($25.81) to GBX 1,850 ($24.17) and set a neutral rating on the stock in a report on Tuesday, April 23rd. UBS Group cut their price target on Mondi from GBX 2,200 ($28.75) to GBX 2,000 ($26.13) and set a buy rating on the stock in a research note on Friday, June 7th. Credit Suisse Group restated an outperform rating on shares of Mondi in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group restated a buy rating and issued a GBX 2,050 ($26.79) price target on shares of Mondi in a research note on Tuesday, April 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of GBX 1,980 ($25.87).

MNDI stock opened at GBX 1,593.50 ($20.82) on Friday. Mondi has a fifty-two week low of GBX 1,557.50 ($20.35) and a fifty-two week high of GBX 2,250 ($29.40). The stock’s 50 day moving average price is GBX 1,762.67. 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 stock has a market cap of $7.74 billion and a P/E ratio of 9.85.

The business also recently declared a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 15th will be paid a €0.27 ($0.32) dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 1.46%. Mondi’s payout ratio is currently 0.41%.

Mondi Company Profile

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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Analyst Recommendations for Mondi (LON:MNDI)

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