Shares of Mondi plc (LON:MNDI - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,192.62 ($15.82) and traded as high as GBX 1,236.50 ($16.40). Mondi shares last traded at GBX 1,226.50 ($16.27), with a volume of 1,383,768 shares.
Wall Street Analysts Forecast Growth
Separately, Citigroup dropped their price target on Mondi from GBX 1,600 ($21.23) to GBX 1,550 ($20.56) and set a "buy" rating on the stock in a research note on Tuesday, February 25th.
View Our Latest Analysis on MNDI
Mondi Price Performance
The firm has a market cap of £6.40 billion, a PE ratio of 16.56, 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 50 day moving average price of GBX 1,149.35 and a two-hundred day moving average price of GBX 1,192.62.
Mondi Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 3rd will be paid a dividend of €0.47 ($0.52) per share. This is a positive change from Mondi's previous dividend of $0.23. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a dividend yield of 3.14%. Mondi's payout ratio is presently 81.60%.
Insider Transactions at Mondi
In other news, insider Andrew King bought 24 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of GBX 1,287 ($17.07) per share, with a total value of £308.88 ($409.76). Insiders own 1.36% of the company's stock.
Mondi Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Mondi, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mondi wasn't on the list.
While Mondi currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
