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.
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.
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