Brokerages Set Connect Group PLC (CNCT) Target Price at $186.20
Connect Group PLC (LON:CNCT) has been assigned an average rating of “Buy” from the six research firms that are currently covering the company. Six equities research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 182.75 ($2.23).
A number of analysts recently weighed in on CNCT shares. Peel Hunt reissued a “buy” rating and issued a GBX 180 ($2.19) price target on shares of Connect Group PLC in a report on Tuesday, July 5th. Liberum Capital reissued a “buy” rating and issued a GBX 170 ($2.07) price target on shares of Connect Group PLC in a report on Tuesday, July 5th. FinnCap reaffirmed a “buy” rating on shares of Connect Group PLC in a report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Connect Group PLC from GBX 185 ($2.25) to GBX 181 ($2.21) and set an “overweight” rating for the company in a report on Wednesday, July 6th.
Connect Group PLC (LON:CNCT) opened at 140.50 on Friday. Connect Group PLC has a 1-year low of GBX 129.75 and a 1-year high of GBX 175.00. The stock has a 50 day moving average of GBX 157.82 and a 200-day moving average of GBX 156.23. The firm’s market capitalization is GBX 340.85 million.
The company also recently declared a dividend, which will be paid on Friday, February 10th. Stockholders of record on Thursday, January 12th will be given a dividend of GBX 6.50 ($0.08) per share. This represents a dividend yield of 4.63%. This is a boost from Connect Group PLC’s previous dividend of $3.00. The ex-dividend date is Thursday, January 12th.
About Connect Group PLC
Connect Group PLC, formerly Smiths News Plc, is a United Kingdom-based distribution company. The Company’s segments include Connect News & Media: News Distribution (also referred as Smiths News); Connect News & Media: Media (Dawson Media Direct (DMD)); Connect Books (Bertrams, Dawson Books and Wordery); Connect Education and Care (The Consortium), and Connect Parcel Freight (Tuffnells).
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