Connect Group (LON:CNCT) had its target price lowered by investment analysts at Berenberg Bank from GBX 40 ($0.52) to GBX 35 ($0.46) in a report released on Friday. The firm currently has a “hold” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 5.90% from the company’s current price.
CNCT has been the topic of several other research reports. Peel Hunt reaffirmed a “hold” rating on shares of Connect Group in a research report on Wednesday, July 4th. Numis Securities reaffirmed an “under review” rating on shares of Connect Group in a research report on Thursday, June 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 113.80 ($1.48).
Connect Group stock traded down GBX 0.45 ($0.01) during mid-day trading on Friday, hitting GBX 33.05 ($0.43). The company’s stock had a trading volume of 112,713 shares, compared to its average volume of 459,659. Connect Group has a one year low of GBX 58.12 ($0.76) and a one year high of GBX 139.75 ($1.82).
In other news, insider Denise Collis bought 33,982 shares of the stock in a transaction on Monday, August 6th. The stock was acquired at an average cost of GBX 29 ($0.38) per share, for a total transaction of £9,854.78 ($12,836.76).
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.
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