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Mondi plc ( (GB:MNDI) ) just unveiled an update.
Mondi plc has announced a change in the voting rights held by Coronation Fund Managers, which now holds 8.990368% of the voting rights in the company. This adjustment in shareholding reflects a slight decrease from their previous position, indicating a potential shift in investor sentiment or strategy.
The most recent analyst rating on (GB:MNDI) stock is a Buy with a £12.40 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 Neutral.
Mondi plc’s overall stock score is driven by mixed financial performance and bearish technical indicators. Positive corporate events and a strong dividend yield provide some support, but high valuation metrics and declining profitability are concerns.
To see Spark’s full report on GB:MNDI stock, click here.
More about Mondi plc
Mondi plc is a UK-based company operating in the packaging and paper industry, focusing on producing sustainable packaging and paper solutions.
Average Trading Volume: 1,164,698
Technical Sentiment Signal: Sell
Current Market Cap: £4.59B
For a thorough assessment of MNDI stock, go to TipRanks’ Stock Analysis page.