Analysts Set Mondi (MNDI) PT at $2,317.50

Mondi (LON:MNDI) has earned a consensus recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have covered the stock in the last year is GBX 2,317.50 ($32.53).

A number of equities research analysts have commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Mondi in a research report on Wednesday, March 28th. JPMorgan Chase reaffirmed an “overweight” rating and issued a GBX 2,310 ($32.43) target price (up previously from GBX 2,200 ($30.88)) on shares of Mondi in a research report on Tuesday, March 13th. Credit Suisse Group raised shares of Mondi to an “outperform” rating and lifted their target price for the stock from GBX 2,220 ($31.16) to GBX 2,345 ($32.92) in a research report on Tuesday, March 6th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 2,300 ($32.29) target price on shares of Mondi in a research report on Tuesday, March 6th. Finally, Goldman Sachs reaffirmed a “buy” rating and issued a GBX 2,200 ($30.88) target price on shares of Mondi in a research report on Monday, March 5th.

How to Become a New Pot Stock Millionaire

LON:MNDI traded down GBX 5 ($0.07) during trading hours on Friday, reaching GBX 1,916.50 ($26.90). The company had a trading volume of 1,202,729 shares, compared to its average volume of 1,880,000. Mondi has a 52 week low of GBX 1,684 ($23.64) and a 52 week high of GBX 2,145 ($30.11).

The firm also recently disclosed a dividend, which will be paid on Friday, May 25th. Stockholders of record on Thursday, May 3rd will be given a dividend of €1.43 ($1.76) per share. This is an increase from Mondi’s previous dividend of $0.19. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a dividend yield of 6.47%.

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Mondi Company Profile

Mondi plc manufactures and sells packaging and paper products primarily in central Europe, Russia, North America, and South Africa. Its products include virgin and recycled containerboards, sack and specialty kraft papers, pulp, corrugated packaging products, industrial bags, extrusion coatings, films and hygiene components, release liners, consumer goods packaging products, office and professional printing papers, and barrier coatings, as well as pre-made bags and pouches, printed laminates, and high-barrier films for the consumer industry.

Analyst Recommendations for Mondi (LON:MNDI)

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