Connect Group PLC (LON:CNCT)‘s stock had its “buy” rating reissued by analysts at FinnCap in a report released on Monday. They presently have a GBX 187 ($2.38) price target on the stock. FinnCap’s price objective indicates a potential upside of 47.83% from the company’s previous close.

CNCT has been the topic of several other reports. Peel Hunt reaffirmed an “add” rating and set a GBX 167 ($2.13) target price on shares of Connect Group PLC in a research report on Tuesday, April 25th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 185 ($2.36) target price on shares of Connect Group PLC in a research report on Tuesday, April 25th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 170 ($2.17) target price on shares of Connect Group PLC in a research report on Tuesday, April 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 169 ($2.15).

Analyst Recommendations for Connect Group PLC (LON:CNCT)

Shares of Connect Group PLC (LON CNCT) traded down 1.75% during trading on Monday, hitting GBX 126.50. The stock had a trading volume of 111,025 shares. The stock has a 50-day moving average price of GBX 124.55 and a 200 day moving average price of GBX 137.17. The company’s market cap is GBX 309.92 million. Connect Group PLC has a 12 month low of GBX 121.00 and a 12 month high of GBX 168.00.

The business also recently announced a dividend, which will be paid on Friday, July 7th. Stockholders 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 dividend yield of 2.37%.

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In related news, insider Gary Kennedy bought 10,000 shares of the stock in a transaction dated Friday, April 28th. The shares were purchased at an average price of GBX 126 ($1.61) per share, for a total transaction of £12,600 ($16,053.00). Also, insider David Bauernfeind bought 20,000 shares of the stock in a transaction dated Thursday, April 27th. The stock was bought at an average price of GBX 127 ($1.62) per share, for a total transaction of £25,400 ($32,360.81). Insiders bought 42,690 shares of company stock worth $3,812,690 in the last 90 days.

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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