Berenberg Bank restated their hold rating on shares of Connect Group (LON:CNCT) in a report released on Wednesday, Digital Look reports. Berenberg Bank currently has a GBX 40 ($0.52) price target on the stock.

Separately, Peel Hunt reaffirmed a hold rating on shares of Connect Group in a research note on Wednesday.

Shares of CNCT opened at GBX 29 ($0.38) on Wednesday. Connect Group has a 1 year low of GBX 27.50 ($0.36) and a 1 year high of GBX 46.10 ($0.60). The company has a market capitalization of $73.78 million and a price-to-earnings ratio of -1.68. The business has a 50-day moving average of GBX 34.73 and a 200-day moving average of GBX 37.13.

The firm also recently announced a dividend, which will be paid on Thursday, February 13th. Investors of record on Thursday, January 16th will be paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, January 16th. This represents a yield of 3.44%. Connect Group’s dividend payout ratio is currently -0.35%.

In other Connect Group news, insider Gary Kennedy bought 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was acquired at an average price of GBX 29 ($0.38) per share, with a total value of £58,000 ($75,787.27).

About Connect Group

Connect Group PLC engages in the distribution of newspapers, magazines, and books products in the United Kingdom and internationally. The company operates through News & Media: News Distribution, News & Media: Media, and Mixed Freight segments. The News & Media: News Distribution segment distributes newspapers and magazines to 27,000 retailers from 39 distribution centers across England and Wales.

See Also: Are 12b-1 Fees Affecting Your Mutual Fund Performance?

Receive News & Ratings for Connect Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Connect Group and related companies with MarketBeat.com's FREE daily email newsletter.