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.
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