Connect Group PLC’s (CNCT) “Buy” Rating Reiterated at FinnCap
Connect Group PLC (LON:CNCT)‘s stock had its “buy” rating restated by analysts at FinnCap in a note issued to investors on Thursday. They presently have a GBX 196 ($2.45) price objective on the stock. FinnCap’s price target points to a potential upside of 40.50% from the company’s current price.
Other analysts have also recently issued reports about the company. Peel Hunt reissued a “buy” rating and issued a GBX 180 ($2.25) target price on shares of Connect Group PLC in a research report on Tuesday, October 18th. Liberum Capital reaffirmed a “buy” rating and set a GBX 170 ($2.12) price objective on shares of Connect Group PLC in a research report on Thursday, September 15th. Berenberg Bank decreased their price objective on Connect Group PLC from GBX 200 ($2.50) to GBX 185 ($2.31) and set a “buy” rating for the company in a research report on Thursday, October 20th. Finally, JPMorgan Chase & Co. decreased their price objective on Connect Group PLC from GBX 181 ($2.26) to GBX 164 ($2.05) and set an “overweight” rating for the company in a research report on Wednesday, October 19th. Six research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of GBX 179 ($2.24).
Shares of Connect Group PLC (LON:CNCT) opened at 140.50 on Thursday. The stock has a 50 day moving average price of GBX 143.10 and a 200-day moving average price of GBX 153.92. Connect Group PLC has a 52 week low of GBX 125.30 and a 52 week high of GBX 175.00. The firm’s market capitalization is GBX 343.36 million.
The firm also recently announced a dividend, which will be paid on Friday, February 10th. Stockholders of record on Thursday, January 12th will be paid a dividend of GBX 6.50 ($0.08) per share. This represents a dividend yield of 4.63%. This is an increase 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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