FinnCap Reiterates Buy Rating for Connect Group PLC (CNCT)

Connect Group PLC (LON:CNCT)‘s stock had its “buy” rating reiterated by research analysts at FinnCap in a research note issued on Monday, July 24th. They currently have a GBX 187 ($2.43) price target on the stock. FinnCap’s price target would suggest a potential upside of 87.00% from the stock’s previous close.

A number of other research firms have also recently issued reports on CNCT. Peel Hunt restated an “add” rating and set a GBX 167 ($2.17) target price on shares of Connect Group PLC in a research note on Tuesday, April 25th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 185 ($2.40) price target on shares of Connect Group PLC in a research report on Tuesday, April 25th. Liberum Capital reaffirmed a “buy” rating and set a GBX 170 ($2.21) price target on shares of Connect Group PLC in a research report on Tuesday, April 25th. Finally, Shore Capital raised shares of Connect Group PLC to a “buy” rating in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 157.60 ($2.05).

Connect Group PLC (CNCT) traded down 2.20% during mid-day trading on Monday, reaching GBX 100.00. 62,684 shares of the company were exchanged. Connect Group PLC has a 12-month low of GBX 96.00 and a 12-month high of GBX 168.00. The stock’s market capitalization is GBX 245.00 million. The company’s 50 day moving average price is GBX 107.11 and its 200-day moving average price is GBX 125.58.

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In other Connect Group PLC news, insider Mark Cashmore purchased 108,000 shares of the stock in a transaction that occurred on Friday, July 7th. The shares were acquired at an average cost of GBX 110 ($1.43) per share, with a total value of £118,800 ($154,225.63).

Connect Group PLC Company Profile

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.

Analyst Recommendations for Connect Group PLC (LON:CNCT)

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