Connect Group PLC (CNCT) Given Consensus Rating of “Buy” by Analysts

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.

Analyst Recommendations for Connect Group (LON:CNCT)

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