Connect Group’s (CNCT) “Hold” Rating Reiterated at Berenberg Bank
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.
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.
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