Connect Group PLC (CNCT) Given Consensus Recommendation of “Buy” by Analysts

Shares of Connect Group PLC (LON:CNCT) have received an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 150.80 ($2.16).

Several analysts have recently weighed in on the company. Peel Hunt restated an “add” rating and issued a GBX 135 ($1.93) price objective on shares of Connect Group in a report on Monday, January 8th. Numis Securities restated a “buy” rating and issued a GBX 100 ($1.43) price objective (down previously from GBX 135 ($1.93)) on shares of Connect Group in a report on Tuesday, January 23rd. Finally, Shore Capital restated a “buy” rating on shares of Connect Group in a report on Monday, January 29th.

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Connect Group stock traded up GBX 0.30 ($0.00) during midday trading on Wednesday, hitting GBX 63.80 ($0.91). 79,104 shares of the company’s stock were exchanged, compared to its average volume of 459,659. Connect Group has a 12 month low of GBX 58.12 ($0.83) and a 12 month high of GBX 139.75 ($2.00).

In related news, insider Gary Kennedy bought 30,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were bought at an average cost of GBX 76 ($1.09) per share, with a total value of £22,800 ($32,646.05).

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Connect Group Company Profile

Connect Group PLC is a United Kingdom-based distribution and logistics company. The Company’s segments include Connect News & Media: News Distribution (Smiths News); Connect News & Media: Media (DMD); and Mixed Freight (Tuffnells). 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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