Connect Group PLC (LON:CNCT) Upgraded at Shore Capital
Connect Group PLC (LON:CNCT) was upgraded by research analysts at Shore Capital to a “buy” rating in a research report issued on Thursday.
CNCT has been the subject of several other research reports. Peel Hunt reiterated an “add” rating and issued a GBX 167 ($2.18) price objective on shares of Connect Group PLC in a report on Tuesday, April 25th. Berenberg Bank reiterated a “buy” rating and issued a GBX 185 ($2.42) price objective on shares of Connect Group PLC in a report on Tuesday, April 25th. Liberum Capital reiterated a “buy” rating and issued a GBX 170 ($2.22) price objective on shares of Connect Group PLC in a report on Tuesday, April 25th. Finally, FinnCap reiterated a “buy” rating and issued a GBX 187 ($2.44) price objective on shares of Connect Group PLC in a report on Monday, June 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 169 ($2.21).
Shares of Connect Group PLC (LON:CNCT) traded up 0.95% during trading on Thursday, hitting GBX 106.25. The stock had a trading volume of 376,479 shares. Connect Group PLC has a 52 week low of GBX 96.00 and a 52 week high of GBX 168.00. The company’s market capitalization is GBX 260.31 million. The firm has a 50-day moving average price of GBX 116.36 and a 200 day moving average price of GBX 132.07.
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In other Connect Group PLC news, insider Mark Cashmore purchased 108,000 shares of the firm’s stock in a transaction on Friday, July 7th. The shares were acquired at an average cost of GBX 110 ($1.44) per share, with a total value of £118,800 ($155,131.89). Also, insider David Bauernfeind purchased 20,000 shares of the firm’s stock in a transaction on Thursday, April 27th. The shares were acquired at an average cost of GBX 127 ($1.66) per share, for a total transaction of £25,400 ($33,167.93). In the last ninety days, insiders have purchased 150,690 shares of company stock valued at $15,692,690.
Connect Group PLC Company Profile
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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