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).

In other news, insider Jonathan Bunting sold 45,972 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of GBX 117 ($1.62), for a total transaction of £53,787.24 ($74,312.30). Also, insider Gary Kennedy acquired 30,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were bought at an average cost of GBX 76 ($1.05) per share, with a total value of £22,800 ($31,500.41).

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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.

Analyst Recommendations for Connect Group (LON:CNCT)

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