Insider Buying: Connect Group PLC (CNCT) Insider Acquires 55,784 Shares of Stock

Connect Group PLC (LON:CNCT) insider Tony Grace purchased 55,784 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were purchased at an average price of GBX 36 ($0.47) per share, for a total transaction of £20,082.24 ($26,241.00).

CNCT opened at GBX 36 ($0.47) on Friday. Connect Group PLC has a twelve month low of GBX 58.12 ($0.76) and a twelve month high of GBX 139.75 ($1.83).

Several research analysts recently weighed in on CNCT shares. Peel Hunt restated a “hold” rating on shares of Connect Group in a report on Monday, July 30th. Berenberg Bank cut their price target on shares of Connect Group from GBX 40 ($0.52) to GBX 35 ($0.46) and set a “hold” rating on the stock in a report on Friday, September 14th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of GBX 80.25 ($1.05).

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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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