Connect Group’s (CNCT) Add Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their add rating on shares of Connect Group (LON:CNCT) in a research note issued to investors on Thursday morning. The firm currently has a GBX 135 ($1.82) target price on the stock.

A number of other research firms have also weighed in on CNCT. FinnCap reissued a buy rating and set a GBX 154 ($2.07) price target on shares of Connect Group in a research report on Thursday, October 26th. Shore Capital reaffirmed a buy rating on shares of Connect Group in a research report on Thursday, October 26th. Finally, JPMorgan Chase & Co. lifted their price objective 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 report on Friday, October 27th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of GBX 157.80 ($2.12).

Connect Group (LON:CNCT) opened at GBX 108.25 ($1.46) on Thursday. Connect Group has a 52-week low of GBX 88 ($1.18) and a 52-week high of GBX 159.74 ($2.15). The stock has a market cap of $276.14 and a P/E ratio of 984.09.

The business also recently disclosed a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, January 11th will be given a GBX 6.70 ($0.09) dividend. This is a positive change from Connect Group’s previous dividend of $3.10. The ex-dividend date is Thursday, January 11th. This represents a yield of 6.09%.

In other Connect Group news, insider Mark Cashmore bought 38,100 shares of Connect Group stock in a transaction dated Monday, December 18th. The stock was purchased at an average price of GBX 105 ($1.41) per share, for a total transaction of £40,005 ($53,842.53). Also, insider David Bauernfeind bought 20,000 shares of Connect Group stock in a transaction dated Thursday, October 26th. The stock was acquired at an average price of GBX 99 ($1.33) per share, with a total value 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.

Analyst Recommendations for Connect Group (LON:CNCT)

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