Connect Group PLC (CNCT) Receives GBX 157.80 Consensus Target Price from Brokerages

Connect Group PLC (LON:CNCT) has received a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 157.80 ($2.11).

Several research firms have recently commented on CNCT. Shore Capital reissued a “buy” rating on shares of Connect Group in a research note on Thursday, October 26th. FinnCap reissued a “buy” rating and issued a GBX 154 ($2.06) price objective on shares of Connect Group in a research note on Thursday, October 26th. JPMorgan Chase & Co. raised their price objective on shares of Connect Group from GBX 144 ($1.93) to GBX 145 ($1.94) and gave the company an “overweight” rating in a research note on Friday, October 27th. Finally, Peel Hunt reissued an “add” rating and issued a GBX 135 ($1.81) price objective on shares of Connect Group in a research note on Thursday, December 21st.

In other news, insider David Bauernfeind purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was bought at an average price of GBX 99 ($1.32) per share, for a total transaction of £19,800 ($26,474.13). Also, insider Mark Cashmore purchased 38,100 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was purchased at an average price of GBX 105 ($1.40) per share, with a total value of £40,005 ($53,489.77).

Shares of Connect Group (LON:CNCT) traded up GBX 1.80 ($0.02) on Monday, hitting GBX 113.20 ($1.51). 84,375 shares of the company’s stock were exchanged, compared to its average volume of 89,907. Connect Group has a 1-year low of GBX 88 ($1.18) and a 1-year high of GBX 159.74 ($2.14). The firm has a market capitalization of $281.56 and a PE ratio of 1,029.09.

The firm also recently disclosed a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, January 11th will be paid a GBX 6.70 ($0.09) dividend. This is a positive change from Connect Group’s previous dividend of $3.10. The ex-dividend date of this dividend is Thursday, January 11th. This represents a dividend yield of 6.09%.

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Connect Group 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.

Analyst Recommendations for Connect Group (LON:CNCT)

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