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Mondi plc Announces Change in Major Shareholding

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Mondi plc Announces Change in Major Shareholding

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Mondi plc ( (GB:MNDI) ) has shared an announcement.

Mondi plc has announced a change in the voting rights held by Ninety One SA (Pty) Ltd, which now holds 4.63% of the total voting rights in Mondi. This adjustment in shareholding reflects a decrease from a previous position of 5.23%, potentially impacting the company’s shareholder dynamics and market perception.

The most recent analyst rating on (GB:MNDI) stock is a Buy with a £15.50 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. The financial health shows areas of concern, especially in cash flow and declining profit margins. Technical analysis confirms a negative trend. However, the company is showing strategic growth through acquisitions and maintains an attractive dividend yield, which offers some support to the stock’s outlook.

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 the production of sustainable packaging and paper solutions. The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange.

Average Trading Volume: 1,073,478

Technical Sentiment Signal: Sell

Current Market Cap: £4.53B

Find detailed analytics on MNDI stock on TipRanks’ Stock Analysis page.

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