Connect Group PLC (LON:CNCT) Rating Reiterated by Peel Hunt

Peel Hunt reaffirmed their add rating on shares of Connect Group PLC (LON:CNCT) in a research report sent to investors on Monday, July 24th. They currently have a GBX 135 ($1.75) price target on the stock.

Other equities research analysts have also recently issued research reports about the company. FinnCap reaffirmed a buy rating and set a GBX 187 ($2.43) price target on shares of Connect Group PLC in a report on Monday, July 24th. Shore Capital raised Connect Group PLC to a buy rating in a report on Thursday, July 20th. Liberum Capital reiterated a buy rating and set a GBX 170 ($2.21) price objective on shares of Connect Group PLC in a research note on Monday, June 26th. Finally, Berenberg Bank reiterated a buy rating and set a GBX 185 ($2.40) price objective on shares of Connect Group PLC in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of GBX 157.60 ($2.05).

Connect Group PLC (CNCT) traded down 2.20% during trading on Monday, reaching GBX 100.00. The company’s stock had a trading volume of 62,684 shares. Connect Group PLC has a 52 week low of GBX 96.00 and a 52 week high of GBX 168.00. The firm has a 50 day moving average of GBX 107.11 and a 200 day moving average of GBX 125.58. The stock’s market capitalization is GBX 245.00 million.

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In related news, insider Mark Cashmore acquired 108,000 shares of the stock in a transaction that occurred on Friday, July 7th. The shares were acquired at an average price of GBX 110 ($1.43) per share, for a total transaction 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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