Connect Group PLC (CNCT) Price Target Cut to GBX 164
Connect Group PLC (LON:CNCT) had its price target cut by stock analysts at JPMorgan Chase & Co. from GBX 181 ($2.21) to GBX 164 ($2.00) in a research report issued on Wednesday. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 16.73% from the stock’s previous close.
A number of other equities research analysts also recently commented on CNCT. FinnCap restated a “buy” rating on shares of Connect Group PLC in a research report on Tuesday, July 5th. Liberum Capital restated a “buy” rating and issued a GBX 170 ($2.07) price objective on shares of Connect Group PLC in a research report on Tuesday, July 5th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 180 ($2.19) price objective on shares of Connect Group PLC in a research report on Tuesday, July 5th. Six analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of GBX 183 ($2.23).
Shares of Connect Group PLC (LON:CNCT) opened at 140.50 on Wednesday. The stock has a 50 day moving average price of GBX 157.82 and a 200-day moving average price of GBX 156.23. Connect Group PLC has a 52-week low of GBX 129.75 and a 52-week high of GBX 175.00. The stock’s market capitalization is GBX 340.85 million.
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The business also recently declared a dividend, which will be paid on Friday, February 10th. Stockholders of record on Thursday, January 12th will be given a dividend of GBX 6.50 ($0.08) per share. This represents a dividend yield of 4.63%. This is an increase from Connect Group PLC’s previous dividend of $3.00. The ex-dividend date is Thursday, January 12th.
About Connect Group PLC
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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