By Michele Maatouk
Date: Friday 24 May 2024
LONDON (ShareCast) - (Sharecast News) - Citi upgraded its stance on Mondi on Friday to 'buy' as it said that after a difficult couple of years, the market headwinds of destocking and lower pricing are reversing across the packaging company's product segments (board, flexibles, paper).
"We see 'normalised' EBITDA of around €1.8bn in 2-3 years - achieving this at 8x EV/EBITDA (the multiple before the Russia-Ukraine conflict) would put the stock at circa £25/share in 3 years," it said.
At 1200 BST, the shares were up 1.2% at 1,594.50p.
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Currency | UK Pounds |
Share Price | 1,205.00p |
Change Today | -0.50p |
% Change | -0.04 % |
52 Week High | 1,597.50p |
52 Week Low | 1,019.00p |
Volume | 201,412 |
Shares Issued | 441.41m |
Market Cap | £5,319m |
RiskGrade | 133 |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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Final | Interim | |
Ex-Div | 03-Apr-25 | 22-Aug-24 |
Paid | 16-May-25 | 27-Sep-24 |
Amount | 46.67¢ | 23.33¢ |
Time | Volume / Share Price |
13:29 | 1 @ 1,205.50p |
13:29 | 0 @ 1,204.50p |
13:28 | 2 @ 1,205.50p |
13:27 | 210 @ 1,205.00p |
13:27 | 0 @ 1,205.50p |
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