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

Mondi (LON:MNDI) had its price target upped by Royal Bank of Canada from GBX 1,650 ($20.73) to GBX 1,700 ($21.36) in a report published on Tuesday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Mondi Stock Performance

Mondi stock opened at GBX 1,586 ($19.92) on Tuesday. The company has a quick ratio of 1.14, a current ratio of 2.09 and a debt-to-equity ratio of 33.19. The company has a market capitalization of £6.99 billion, a P/E ratio of 1,635.05, a PEG ratio of 0.76 and a beta of 0.73. The stock’s 50 day moving average is GBX 1,424.04 and its 200 day moving average is GBX 1,421.24. Mondi has a twelve month low of GBX 1,290.95 ($16.22) and a twelve month high of GBX 1,719.85 ($21.61).

Mondi Cuts Dividend

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

Insider Buying and Selling

In other Mondi news, insider Philip Yea acquired 5,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of GBX 1,545 ($19.41) per share, with a total value of £77,250 ($97,047.74). In other Mondi news, insider Philip Yea acquired 5,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of GBX 1,545 ($19.41) per share, with a total value of £77,250 ($97,047.74). Also, insider Andrew King purchased 20 shares of the stock in a transaction dated Thursday, March 7th. The shares were purchased at an average cost of GBX 1,395 ($17.53) per share, for a total transaction of £279 ($350.50). Insiders have purchased 5,030 shares of company stock worth $7,768,530 in the last 90 days. Insiders own 1.38% of the company’s stock.

About Mondi

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.