Connect Group PLC (CNCT) Given Buy Rating at FinnCap

FinnCap reiterated their buy rating on shares of Connect Group PLC (LON:CNCT) in a report issued on Thursday, October 26th. They currently have a GBX 154 ($2.03) price objective on the stock.

CNCT has been the topic of a number of other reports. Peel Hunt reaffirmed an add rating and set a GBX 135 ($1.78) target price on shares of Connect Group PLC in a research report on Monday, July 24th. Shore Capital upgraded Connect Group PLC to a buy rating in a research note on Thursday, July 20th. Finally, J P Morgan Chase & Co cut their price target on Connect Group PLC from GBX 152 ($2.00) to GBX 144 ($1.89) and set an overweight rating for the company in a research note on Tuesday, July 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of GBX 157.80 ($2.08).

Connect Group PLC (CNCT) traded down GBX 1 ($0.01) during trading hours on Thursday, hitting GBX 116 ($1.53). The stock had a trading volume of 327,818 shares, compared to its average volume of 248,271. Connect Group PLC has a 52 week low of GBX 88 ($1.16) and a 52 week high of GBX 159.74 ($2.10).

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The company also recently disclosed a dividend, which will be paid on Friday, February 9th. Investors of record on Thursday, January 11th will be issued a dividend of GBX 6.70 ($0.09) per share. This represents a dividend yield of 6.09%. This is a boost from Connect Group PLC’s previous dividend of $3.10. The ex-dividend date is Thursday, January 11th.

In related news, insider David Bauernfeind purchased 20,000 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were acquired at an average cost of GBX 99 ($1.30) per share, with a total value of £19,800 ($26,042.35).

Connect Group PLC 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 PLC (LON:CNCT)

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