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).

COPYRIGHT VIOLATION NOTICE: This news story was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/11/10/insider-buying-connect-group-plc-cnct-insider-acquires-55784-shares-of-stock.html.

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.

Recommended Story: What is the Rule of 72?

Receive News & Ratings for Connect Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Connect Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply