Peel Hunt restated their add rating on shares of Connect Group (LON:CNCT) in a research report report published on Monday morning. Peel Hunt currently has a GBX 135 ($1.83) price objective on the stock.
A number of other equities analysts have also issued reports on CNCT. FinnCap restated a buy rating and set a GBX 154 ($2.09) target price on shares of Connect Group in a research report on Tuesday, September 26th. JPMorgan Chase & Co. raised their target price on shares of Connect Group from GBX 144 ($1.95) to GBX 145 ($1.97) and gave the stock an overweight rating in a research report on Friday, October 27th. Finally, Shore Capital restated a buy rating on shares of Connect Group in a research report on Thursday, November 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Connect Group presently has a consensus rating of Buy and a consensus price target of GBX 157.80 ($2.14).
Connect Group (LON:CNCT) opened at GBX 110 ($1.49) on Monday. The stock has a market cap of $272.43 and a P/E ratio of 1,000.00. Connect Group has a 1 year low of GBX 88 ($1.19) and a 1 year high of GBX 159.74 ($2.17).
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 dividend of GBX 6.70 ($0.09) per share. The ex-dividend date is Thursday, January 11th. This is an increase from Connect Group’s previous dividend of $3.10. This represents a dividend yield of 6.09%.
In related news, insider David Bauernfeind purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was purchased at an average cost of GBX 99 ($1.34) per share, with a total value of £19,800 ($26,851.10). Also, insider Mark Cashmore bought 38,100 shares of Connect Group stock in a transaction on Monday, December 18th. The stock was acquired at an average cost of GBX 105 ($1.42) per share, with a total value of £40,005 ($54,251.42).
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About Connect Group
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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