Connect Group PLC (LON:CNCT) insider Jonathan Bunting sold 45,972 shares of Connect Group stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of GBX 117 ($1.59), for a total value of £53,787.24 ($72,941.74).
Connect Group PLC (CNCT) opened at GBX 110 ($1.49) on Friday. Connect Group PLC has a one year low of GBX 88 ($1.19) and a one year high of GBX 159.74 ($2.17). The firm has a market capitalization of $272.43 and a price-to-earnings ratio of 1,000.00.
The firm also recently announced a dividend, which will be paid on Friday, February 9th. Investors of record on Thursday, January 11th will be paid a dividend of GBX 6.70 ($0.09) per share. This represents a yield of 6.09%. This is an increase from Connect Group’s previous dividend of $3.10. The ex-dividend date of this dividend is Thursday, January 11th.
A number of research analysts have recently issued reports on the company. Peel Hunt reiterated an “add” rating and issued a GBX 135 ($1.83) price target on shares of Connect Group in a report on Monday. FinnCap reiterated a “buy” rating and issued a GBX 154 ($2.09) price target on shares of Connect Group in a report on Tuesday, September 26th. JPMorgan Chase & Co. lifted their price target on Connect Group from GBX 144 ($1.95) to GBX 145 ($1.97) and gave the company an “overweight” rating in a report on Friday, October 27th. Finally, Shore Capital reiterated a “buy” rating on shares of Connect Group in a report on Thursday, November 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Connect Group currently has an average rating of “Buy” and an average price target of GBX 157.80 ($2.14).
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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.
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