FinnCap Lowers Connect Group PLC (CNCT) Price Target to GBX 196
Connect Group PLC (LON:CNCT) had its target price dropped by equities researchers at FinnCap from GBX 201 ($2.49) to GBX 196 ($2.43) in a research report issued on Thursday. The brokerage presently has a “buy” rating on the stock. FinnCap’s price target points to a potential upside of 40.50% from the stock’s current price.
Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. dropped their price target on Connect Group PLC from GBX 181 ($2.24) to GBX 164 ($2.03) and set an “overweight” rating on the stock in a research report on Wednesday, October 19th. Peel Hunt restated a “buy” rating and set a GBX 180 ($2.23) price objective on shares of Connect Group PLC in a research report on Tuesday, October 18th. Liberum Capital restated a “buy” rating and set a GBX 170 ($2.11) price objective on shares of Connect Group PLC in a research report on Thursday, September 15th. Finally, Berenberg Bank lowered their price objective on Connect Group PLC from GBX 200 ($2.48) to GBX 185 ($2.29) and set a “buy” rating on the stock in a research report on Thursday, October 20th. Six investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of GBX 179 ($2.22).
Shares of Connect Group PLC (LON:CNCT) opened at 140.50 on Thursday. The firm has a 50-day moving average price of GBX 144.85 and a 200-day moving average price of GBX 154.17. The company’s market capitalization is GBX 343.36 million. Connect Group PLC has a 1-year low of GBX 125.30 and a 1-year high of GBX 175.00.
The business also recently declared a dividend, which will be paid on Friday, February 10th. Shareholders of record on Thursday, January 12th will be given a GBX 6.50 ($0.08) dividend. This represents a 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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