Connect Group PLC (CNCT) Given “Buy” Rating at Shore Capital

Shore Capital restated their buy rating on shares of Connect Group PLC (LON:CNCT) in a research report report published on Thursday.

A number of other brokerages also recently issued reports on CNCT. Peel Hunt reissued an add rating and issued a GBX 135 ($1.78) price target on shares of Connect Group PLC in a report on Monday, July 24th. FinnCap decreased their price target on Connect Group PLC from GBX 187 ($2.47) to GBX 154 ($2.03) and set a buy rating for the company in a report on Monday, July 31st. Finally, J P Morgan Chase & Co decreased their price target on Connect Group PLC from GBX 152 ($2.01) to GBX 144 ($1.90) and set an overweight rating for the company in a report on Tuesday, July 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 157.80 ($2.08).

Shares of Connect Group PLC (CNCT) opened at 114.00 on Thursday. Connect Group PLC has a 1-year low of GBX 88.00 and a 1-year high of GBX 159.74. The firm’s 50-day moving average is GBX 100.84 and its 200-day moving average is GBX 112.67. The company’s market cap is GBX 279.30 million.

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In other Connect Group PLC news, insider David Bauernfeind bought 20,000 shares of Connect Group PLC stock in a transaction dated Thursday, October 26th. The stock was acquired at an average cost of GBX 99 ($1.31) per share, with a total value of £19,800 ($26,128.27).

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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