Connect Group (CNCT) Stock Rating Reaffirmed by Peel Hunt
Connect Group (LON:CNCT)‘s stock had its “hold” rating restated by equities researchers at Peel Hunt in a research report issued to clients and investors on Monday.
CNCT has been the subject of several other reports. JPMorgan Chase & Co. lifted their target price on shares of Connect Group from GBX 144 ($1.99) to GBX 145 ($2.00) and gave the stock an “overweight” rating in a report on Friday, October 27th. Shore Capital reaffirmed a “buy” rating on shares of Connect Group in a report on Thursday, November 16th. FinnCap reissued a “buy” rating and set a GBX 154 ($2.13) price objective on shares of Connect Group in a report on Monday, December 4th. Finally, Numis Securities reissued a “buy” rating and set a GBX 100 ($1.38) price objective (down from GBX 135 ($1.87)) on shares of Connect Group in a report on Tuesday, January 23rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 148.17 ($2.05).
Connect Group (LON CNCT) opened at GBX 63.20 ($0.87) on Monday. The stock has a market cap of $156.52 and a PE ratio of 574.55. Connect Group has a twelve month low of GBX 58.12 ($0.80) and a twelve month high of GBX 147 ($2.03).
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About Connect Group
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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