Peel Hunt Reiterates “Buy” Rating for Connect Group PLC (CNCT)
Connect Group PLC (LON:CNCT)‘s stock had its “buy” rating restated by research analysts at Peel Hunt in a research report issued to clients and investors on Tuesday. They currently have a GBX 180 ($2.19) target price on the stock. Peel Hunt’s price objective would indicate a potential upside of 27.66% from the stock’s current price.
A number of other research firms have also commented on CNCT. Liberum Capital reaffirmed a “buy” rating and set a GBX 170 ($2.07) price target on shares of Connect Group PLC in a research report on Thursday, September 15th. JPMorgan Chase & Co. decreased their target price on Connect Group PLC from GBX 185 ($2.25) to GBX 181 ($2.21) and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Finally, FinnCap reissued a “buy” rating on shares of Connect Group PLC in a research report on Tuesday, July 5th. Six equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of GBX 186.40 ($2.27).
Connect Group PLC (LON:CNCT) opened at 141.00 on Tuesday. The stock’s market cap is GBX 342.07 million. Connect Group PLC has a 52-week low of GBX 129.75 and a 52-week high of GBX 175.00. The firm has a 50-day moving average price of GBX 158.18 and a 200 day moving average price of GBX 156.32.
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Connect Group PLC Company Profile
Connect Group PLC, formerly Smiths News Plc, is a United Kingdom-based distribution company. The Company’s segments include Connect News & Media: News Distribution (also referred as Smiths News); Connect News & Media: Media (Dawson Media Direct (DMD)); Connect Books (Bertrams, Dawson Books and Wordery); Connect Education and Care (The Consortium), and Connect Parcel Freight (Tuffnells).
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