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.
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