Connect Group PLC (CNCT) Given Buy Rating at FinnCap
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).
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%.
COPYRIGHT VIOLATION WARNING: “Connect Group PLC (CNCT) Given Buy Rating at FinnCap” was posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/06/19/connect-group-plc-cnct-given-buy-rating-at-finncap.html.
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).
Receive News & Ratings for Connect Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Connect Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.