Connect Group PLC’s “Hold” Rating Reiterated at N+1 Singer (CNCT)
Connect Group PLC (LON:CNCT)‘s stock had its “hold” rating reiterated by analysts at N+1 Singer in a research report issued to clients and investors on Thursday. They currently have a GBX 184 ($3.04) target price on the stock. N+1 Singer’s target price would indicate a potential upside of 20.26% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Connect Group PLC in a research note on Thursday. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Connect Group PLC to a “neutral” rating in a research note on Wednesday, July 9th. They now have a GBX 183 ($3.03) price target on the stock, down previously from GBX 221 ($3.66). Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Connect Group PLC currently has an average rating of “Hold” and an average price target of GBX 189.75 ($3.14).
Shares of Connect Group PLC (LON:CNCT) traded up 1.14% during mid-day trading on Thursday, hitting GBX 154.75. 56,321 shares of the company’s stock traded hands. Connect Group PLC has a 52-week low of GBX 137.50 and a 52-week high of GBX 247.75. The stock’s 50-day moving average is GBX 152.3 and its 200-day moving average is GBX 174.4.
Connect Group PLC, formerly Smiths News PLC, is a specialist distribution company. The Company operates in three divisions: News and Media, Books, and Education and Care.
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