Connect Group (CNCT) Receives “Add” Rating from Peel Hunt

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.

Analyst Recommendations for Connect Group (LON:CNCT)

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