Connect Group PLC (CNCT) Receives GBX 179 Consensus Price Target from Analysts
Connect Group PLC (LON:CNCT) has earned a consensus recommendation of “Buy” from the six research firms that are presently covering the company. Six research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 179 ($2.24).
Several research firms have recently issued reports on CNCT. JPMorgan Chase & Co. lowered 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. FinnCap lowered their price objective on Connect Group PLC from GBX 201 ($2.51) to GBX 196 ($2.45) and set a “buy” rating for the company in a research report on Thursday, November 10th. Peel Hunt reaffirmed a “buy” rating and set a GBX 180 ($2.25) price objective 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. Finally, Berenberg Bank lowered 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.
Shares of Connect Group PLC (LON:CNCT) opened at 139.25 on Monday. The firm’s market capitalization is GBX 340.31 million. The company’s 50-day moving average price is GBX 140.85 and its 200 day moving average price is GBX 153.29. Connect Group PLC has a 12-month low of GBX 125.30 and a 12-month high of GBX 175.00.
The company also recently announced a dividend, which will be paid on Friday, February 10th. Stockholders of record on Thursday, January 12th will be issued a GBX 6.50 ($0.08) dividend. This is an increase from Connect Group PLC’s previous dividend of $3.00. This represents a dividend yield of 4.63%. The ex-dividend date is Thursday, January 12th.
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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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