Connect Group (CNCT) Receives GBX 142.25 Consensus Price Target from Brokerages

Shares of Connect Group (LON:CNCT) have received a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 142.25 ($1.93).

Several brokerages have issued reports on CNCT. Peel Hunt reaffirmed a “hold” rating on shares of Connect Group in a report on Tuesday, May 1st. Numis Securities reiterated a “buy” rating and set a GBX 100 ($1.36) price objective (down previously from GBX 135 ($1.83)) on shares of Connect Group in a research report on Tuesday, January 23rd. Finally, Shore Capital reiterated a “buy” rating on shares of Connect Group in a research report on Monday, January 29th.

Connect Group traded down GBX 0.50 ($0.01), hitting GBX 57.50 ($0.78), during mid-day trading on Friday, MarketBeat reports. 281,465 shares of the company’s stock traded hands, compared to its average volume of 459,659. Connect Group has a fifty-two week low of GBX 58.12 ($0.79) and a fifty-two week high of GBX 139.75 ($1.90).

The company also recently disclosed a dividend, which will be paid on Friday, July 6th. Shareholders of record on Thursday, June 7th will be given a dividend of GBX 3.10 ($0.04) per share. This represents a yield of 5.49%. The ex-dividend date of this dividend is Thursday, June 7th.

Connect Group Company Profile

Connect Group PLC engages in the distribution of newspapers, magazines, and books products in the United Kingdom and internationally. The company operates through News & Media: News Distribution, News & Media: Media, and Mixed Freight segments. The News & Media: News Distribution segment distributes newspapers and magazines to 27,000 retailers from 39 distribution centers across England and Wales.

Analyst Recommendations for Connect Group (LON:CNCT)

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