Connect Group PLC Downgraded by JPMorgan Chase & Co. to Neutral (CNCT)
Connect Group PLC (LON:CNCT) was downgraded by equities researchers at JPMorgan Chase & Co. to a “neutral” rating in a research report issued on Wednesday. They currently have a GBX 183 ($3.14) target price on the stock, down from their previous target price of GBX 221 ($3.79). JPMorgan Chase & Co.’s price target indicates a potential upside of 15.82% from the stock’s previous close.
Shares of Connect Group PLC (LON:CNCT) traded down 1.71% on Wednesday, hitting GBX 158.00. 151,042 shares of the company’s stock traded hands. Connect Group PLC has a 1-year low of GBX 147.50 and a 1-year high of GBX 247.75. The stock has a 50-day moving average of GBX 189.5 and a 200-day moving average of GBX 192..
A number of other analysts have also recently weighed in on CNCT. Analysts at N+1 Singer reiterated a “hold” rating on shares of Connect Group PLC in a research note on Tuesday. They now have a GBX 184 ($3.16) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Connect Group PLC in a research note on Tuesday. They now have a GBX 225 ($3.86) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Connect Group PLC in a research note on Friday, June 13th. They now have a GBX 220 ($3.77) price target on the stock.
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