Connect Group PLC’s (CNCT) Buy Rating Reaffirmed at FinnCap
Several other research analysts have also recently issued reports on CNCT. Peel Hunt reaffirmed an add rating and issued a GBX 135 ($1.82) price target on shares of Connect Group PLC in a report on Monday, July 24th. Shore Capital raised Connect Group PLC to a buy rating in a report on Thursday, July 20th. J P Morgan Chase & Co dropped their price target on Connect Group PLC from GBX 152 ($2.04) to GBX 144 ($1.94) and set an overweight rating on the stock in a report on Tuesday, July 25th. Finally, Liberum Capital reaffirmed a buy rating and issued a GBX 170 ($2.29) price target on shares of Connect Group PLC in a report on Monday, June 26th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of GBX 157.60 ($2.12).
Shares of Connect Group PLC (CNCT) opened at 101.00 on Tuesday. The firm’s market cap is GBX 247.45 million. The firm’s 50-day moving average price is GBX 104.48 and its 200-day moving average price is GBX 119.45. Connect Group PLC has a one year low of GBX 88.00 and a one year high of GBX 163.25.
In other news, insider Mark Cashmore acquired 108,000 shares of the stock in a transaction on Friday, July 7th. The shares were purchased at an average cost of GBX 110 ($1.48) per share, for a total transaction of £118,800 ($159,763.31).
Connect Group PLC 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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