Connect Group PLC (CNCT) Insider Jonathan Bunting Sells 45,972 Shares of Stock

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.

Insider Buying and Selling by Quarter for Connect Group (LON:CNCT)

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