Oriel Securities Ltd Reaffirms Buy Rating for Connect Group PLC (CNCT)
A number of other firms have also recently commented on CNCT. 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). Separately, analysts at N+1 Singer reiterated a “hold” rating on shares of Connect Group PLC in a research note on Tuesday, July 8th. They now have a GBX 184 ($3.04) 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 ($3.64) price target on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 189.75 ($3.14).
Connect Group PLC (LON:CNCT) traded up 1.14% during mid-day trading on Thursday, hitting GBX 154.75. The stock had a trading volume of 56,321 shares. Connect Group PLC has a 52-week low of GBX 137.50 and a 52-week high of GBX 247.75. The stock has a 50-day moving average of GBX 151.9 and a 200-day moving average of GBX 174..
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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