Shares of Connect Group PLC (LON:CNCT) have been assigned an average rating of “Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 150.80 ($2.08).
A number of research analysts have commented on the company. Shore Capital restated a “buy” rating on shares of Connect Group in a research note on Thursday, November 16th. Peel Hunt reiterated an “add” rating and issued a GBX 135 ($1.87) price target on shares of Connect Group in a research note on Monday, January 8th. FinnCap reiterated a “buy” rating and issued a GBX 154 ($2.13) price target on shares of Connect Group in a research note on Monday, December 4th. Finally, Numis Securities reiterated a “buy” rating and issued a GBX 100 ($1.38) price target (down previously from GBX 135 ($1.87)) on shares of Connect Group in a research note on Tuesday, January 23rd.
Shares of Connect Group (LON CNCT) traded down GBX 0.50 ($0.01) on Tuesday, hitting GBX 66.80 ($0.92). The company’s stock had a trading volume of 195,691 shares, compared to its average volume of 647,734. The firm has a market capitalization of $165.44 and a PE ratio of 607.27. Connect Group has a 12 month low of GBX 58.12 ($0.80) and a 12 month high of GBX 147 ($2.03).
In other Connect Group news, insider Gary Kennedy purchased 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were acquired at an average price of GBX 76 ($1.05) per share, for a total transaction of £22,800 ($31,500.41). Also, insider Mark Cashmore acquired 38,100 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was purchased at an average cost of GBX 105 ($1.45) per share, with a total value of £40,005 ($55,270.79).
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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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