FinnCap Reiterates Buy Rating for Connect Group (CNCT)

Connect Group (LON:CNCT)‘s stock had its “buy” rating reiterated by equities researchers at FinnCap in a note issued to investors on Monday. They currently have a GBX 154 ($2.07) price objective on the stock. FinnCap’s price objective would suggest a potential upside of 40.00% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Shore Capital reiterated a “buy” rating on shares of Connect Group in a research note on Thursday, October 26th. J P Morgan Chase & Co lifted their price target on shares of Connect Group from GBX 144 ($1.94) to GBX 145 ($1.95) and gave the stock an “overweight” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 157.80 ($2.12).

Connect Group (LON CNCT) opened at GBX 109.40 ($1.47) on Monday. Connect Group has a one year low of GBX 88 ($1.18) and a one year high of GBX 159.74 ($2.15).

In other news, insider David Bauernfeind bought 20,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were bought at an average price of GBX 99 ($1.33) per share, for a total transaction of £19,800 ($26,648.72).

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Connect Group 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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