Mondi (LON:MNDI) Hits New 1-Year Low – What’s Next?

Mondi plc (LON:MNDI)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 1,084 ($13.98) and last traded at GBX 1,106.50 ($14.27), with a volume of 5834865 shares trading hands. The stock had previously closed at GBX 1,163.50 ($15.01).

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered their target price on Mondi from GBX 1,600 ($20.64) to GBX 1,550 ($19.99) and set a “buy” rating on the stock in a research report on Tuesday, February 25th.

Mondi Price Performance

The firm has a market capitalization of £5.50 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The business’s 50 day moving average is GBX 1,234.48 and its two-hundred day moving average is GBX 1,255.45. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06.

Mondi Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 3rd will be issued a €0.47 ($0.51) dividend. This represents a dividend yield of 3.14%. This is an increase from Mondi’s previous dividend of $0.23. The ex-dividend date is Thursday, April 3rd. Mondi’s dividend payout ratio is presently 81.60%.

Insider Transactions at Mondi

In related news, insider Andrew King bought 24 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of GBX 1,287 ($16.60) per share, with a total value of £308.88 ($398.45). Over the last quarter, insiders have bought 62 shares of company stock valued at $76,374. 1.36% of the stock is currently owned by company insiders.

Mondi Company Profile

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.