Connect Group PLC (CNCT) Receives Consensus Rating of “Buy” from Analysts
Shares of Connect Group PLC (LON:CNCT) have been given an average rating of “Buy” by the six brokerages that are covering the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 178 ($2.30).
CNCT has been the subject of a number of research reports. Liberum Capital restated a “buy” rating and issued a GBX 170 ($2.19) target price on shares of Connect Group PLC in a research note on Tuesday, February 7th. FinnCap restated a “buy” rating and issued a GBX 200 ($2.58) target price on shares of Connect Group PLC in a research note on Friday, March 10th. Shore Capital downgraded Connect Group PLC to a “hold” rating in a research note on Monday, January 23rd. Berenberg Bank restated a “buy” rating and issued a GBX 185 ($2.39) target price on shares of Connect Group PLC in a research note on Thursday, February 9th. Finally, Peel Hunt restated an “add” rating and issued a GBX 167 ($2.16) target price on shares of Connect Group PLC in a research note on Tuesday, April 25th.
In related news, insider Gary Kennedy bought 10,000 shares of the firm’s stock in a transaction on Friday, April 28th. The stock was bought at an average cost of GBX 126 ($1.63) per share, for a total transaction of £12,600 ($16,264.36). Also, insider David Bauernfeind bought 20,000 shares of the firm’s stock in a transaction on Thursday, April 27th. The stock was bought at an average price of GBX 127 ($1.64) per share, with a total value of £25,400 ($32,786.89). Over the last 90 days, insiders acquired 42,690 shares of company stock valued at $3,812,690.
The business also recently announced a dividend, which will be paid on Friday, July 7th. Shareholders of record on Thursday, June 8th will be paid a GBX 3.10 ($0.04) dividend. The ex-dividend date is Thursday, June 8th. This represents a yield of 2.37%.
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About Connect Group PLC
Connect Group PLC is a United Kingdom-based distribution company. The Company’s segments include Connect News & Media: News Distribution (Smiths News); Connect News & Media: Media (DMD); Connect Parcel Freight (Tuffnells); Connect Education & Care (The Consortium), and Connect Books (Bertrams, Dawson Books and Wordery).
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