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Mondi plc ( (GB:MNDI) ) has shared an update.
Mondi plc has announced a change in the major interests of its shares, as Coronation Fund Managers, based in Cape Town, South Africa, has acquired a 7.006423% voting rights stake in the company. This acquisition signifies a slight increase from their previous position and reflects a strategic move by Coronation Fund Managers, potentially impacting Mondi’s shareholder dynamics and market perception.
The most recent analyst rating on (GB:MNDI) stock is a Buy with a £20.00 price target. To see the full list of analyst forecasts on Mondi plc stock, see the GB:MNDI Stock Forecast page.
Spark’s Take on GB:MNDI Stock
According to Spark, TipRanks’ AI Analyst, GB:MNDI is a Outperform.
Mondi plc’s overall stock score is driven by strong technical momentum and positive corporate events, offset by concerns about financial performance. Valuation remains relatively high but is balanced by a strong dividend yield.
To see Spark’s full report on GB:MNDI stock, click here.
More about Mondi plc
Mondi plc is a UK-based company incorporated in England and Wales, operating in the packaging and paper industry. The company is known for its production of sustainable packaging and paper solutions, catering to a global market with a focus on innovation and environmental responsibility.
Average Trading Volume: 1,156,795
Technical Sentiment Signal: Hold
Current Market Cap: £5.42B
See more insights into MNDI stock on TipRanks’ Stock Analysis page.