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Mondi plc ( (GB:MNDI) ) has issued an update.
Mondi plc has announced the reappointment of PricewaterhouseCoopers LLP as its statutory auditor starting from the 2027 financial year, following a formal tender process. This decision aligns with UK regulations requiring audit tenders every 10 years and rotations every 20 years. The reappointment will be subject to shareholder approval at the 2027 Annual General Meeting. This move ensures continuity in Mondi’s auditing processes and reflects the company’s adherence to regulatory standards, potentially impacting its financial transparency and stakeholder confidence.
The most recent analyst rating on (GB:MNDI) stock is a Sell with a £7.60 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 reflects a mixed outlook. The most significant factor is the financial performance, which shows areas of concern such as declining net income and negative free cash flow. Technical analysis indicates bearish momentum, while the valuation is supported by a high dividend yield. Investors should be cautious and monitor the company’s ability to improve financial stability and market position.
To see Spark’s full report on GB:MNDI stock, click here.
More about Mondi plc
Mondi is a global leader in packaging and paper, focusing on sustainable products by design. With 24,000 employees across more than 30 countries, Mondi operates an integrated business offering a wide range of innovative solutions for consumer and industrial applications. The company emphasizes sustainability with commitments to circular solutions and climate action. In 2024, Mondi reported revenues of €7.4 billion and an underlying EBITDA of €1.0 billion. It is listed on the London Stock Exchange and is a FTSE100 constituent, with a secondary listing on the JSE Limited.
Average Trading Volume: 2,919,953
Technical Sentiment Signal: Sell
Current Market Cap: £3.78B
For detailed information about MNDI stock, go to TipRanks’ Stock Analysis page.