Shares of Mondi plc (LON:MNDI - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,192.62 ($15.93) and traded as high as GBX 1,236.50 ($16.52). Mondi shares last traded at GBX 1,226.50 ($16.38), with a volume of 1,383,768 shares traded.
Analysts Set New Price Targets
Separately, Citigroup lowered their target price on shares of Mondi from GBX 1,600 ($21.37) to GBX 1,550 ($20.70) and set a "buy" rating for the company in a research note on Tuesday, February 25th.
Get Our Latest Research Report on Mondi
Mondi Stock Performance
The stock has a market capitalization of £6.41 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00. The stock has a fifty day moving average of GBX 1,146.77 and a 200-day moving average of GBX 1,190.99.
Mondi Increases Dividend
The business also recently declared a dividend, which was paid on Friday, May 16th. Investors of record on Thursday, April 3rd were paid a dividend of €0.47 ($0.52) per share. This is a positive change from Mondi's previous dividend of $0.23. This represents a yield of 3.14%. The ex-dividend date of this dividend was Thursday, April 3rd. Mondi's dividend payout ratio (DPR) is currently 81.60%.
Insider Buying and Selling
In other news, insider Andrew King purchased 26 shares of the business's stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of GBX 1,152 ($15.39) per share, with a total value of £299.52 ($400.05). 1.36% of the stock is currently owned by company insiders.
About Mondi
(
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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.
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