Connect Group PLC (LON:CNCT) has received a consensus recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 157.80 ($2.11).
Several analysts recently weighed in on CNCT shares. FinnCap reiterated a “buy” rating and issued a GBX 154 ($2.06) price target on shares of Connect Group in a report on Tuesday, September 26th. Shore Capital reiterated a “buy” rating on shares of Connect Group in a report on Thursday, October 26th. JPMorgan Chase & Co. lifted their price target on shares of Connect Group from GBX 144 ($1.93) to GBX 145 ($1.94) and gave the company an “overweight” rating in a report on Friday, October 27th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 135 ($1.81) price target on shares of Connect Group in a report on Thursday, December 21st.
Connect Group (LON CNCT) traded down GBX 0.20 ($0.00) during trading hours on Monday, reaching GBX 113 ($1.51). 314,478 shares of the company traded hands, compared to its average volume of 102,733. The company has a market capitalization of $279.85 and a PE ratio of 1,027.27. Connect Group has a twelve month low of GBX 88 ($1.18) and a twelve month high of GBX 159.74 ($2.14).
The business also recently declared a dividend, which will be paid on Friday, February 9th. Investors of record on Thursday, January 11th will be issued a GBX 6.70 ($0.09) dividend. The ex-dividend date is Thursday, January 11th. This represents a yield of 6.09%. This is a boost from Connect Group’s previous dividend of $3.10.
In other news, insider David Bauernfeind acquired 20,000 shares of the stock in a transaction on Thursday, October 26th. The stock was acquired at an average price of GBX 99 ($1.32) per share, with a total value of £19,800 ($26,474.13). Also, insider Mark Cashmore acquired 38,100 shares of the stock in a transaction on Monday, December 18th. The shares were purchased at an average cost of GBX 105 ($1.40) per share, with a total value of £40,005 ($53,489.77).
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Connect Group Company Profile
Connect Group PLC is a United Kingdom-based distribution company. The Company’s segments include Connect News & Media: News Distribution (Smiths News); Connect News & Media: Media (DMD); Connect Parcel Freight (Tuffnells); and Connect Books (Bertrams, Dawson Books and Wordery). Smiths News segment distributes newspapers and magazines to approximately 30,000 retailers across England and Wales from over 40 distribution centers.
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