Connect Group PLC (CNCT) Given Consensus Recommendation of “Buy” by Analysts

Connect Group PLC (LON:CNCT) has been given a consensus recommendation of “Buy” by the six research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 157.80 ($2.11).

A number of research analysts recently issued reports on CNCT shares. Peel Hunt reiterated an “add” rating and set a GBX 135 ($1.81) price objective on shares of Connect Group in a research note on Thursday, December 21st. FinnCap restated a “buy” rating and issued a GBX 154 ($2.06) price target on shares of Connect Group in a research note on Thursday, October 26th. Shore Capital restated a “buy” rating on shares of Connect Group in a research note on Thursday, October 26th. Finally, JPMorgan Chase & Co. upped their price target on Connect Group from GBX 144 ($1.93) to GBX 145 ($1.94) and gave the stock an “overweight” rating in a research note on Friday, October 27th.

Shares of Connect Group (CNCT) traded down GBX 0.75 ($0.01) during trading hours on Monday, hitting GBX 112 ($1.50). The company had a trading volume of 96,355 shares, compared to its average volume of 92,162. The company has a market cap of $278.26 and a P/E ratio of 1,018.18. Connect Group has a 52 week low of GBX 88 ($1.18) and a 52 week high of GBX 159.74 ($2.14).

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

In other news, insider David Bauernfeind acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were acquired at an average cost of GBX 99 ($1.32) per share, with a total value of £19,800 ($26,474.13). Also, insider Mark Cashmore acquired 38,100 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were purchased at an average cost of GBX 105 ($1.40) per share, for a total transaction of £40,005 ($53,489.77).

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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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