Connect Group PLC (LON:CNCT) Given Average Rating of “Buy” by Analysts
Shares of Connect Group PLC (LON:CNCT) have been given an average recommendation of “Buy” by the six ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 157.60 ($2.08).
A number of research firms have recently issued reports on CNCT. FinnCap dropped their price objective on shares of Connect Group PLC from GBX 187 ($2.47) to GBX 154 ($2.03) and set a “buy” rating on the stock in a research note on Monday. J P Morgan Chase & Co decreased their price target on shares of Connect Group PLC from GBX 152 ($2.01) to GBX 144 ($1.90) and set an “overweight” rating for the company in a research report on Tuesday, July 25th. Peel Hunt reissued an “add” rating and set a GBX 135 ($1.78) price target on shares of Connect Group PLC in a research report on Monday, July 24th. Shore Capital raised shares of Connect Group PLC to a “buy” rating in a research report on Thursday, July 20th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 170 ($2.24) price target on shares of Connect Group PLC in a research report on Monday, June 26th.
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In related news, insider Mark Cashmore purchased 108,000 shares of the firm’s stock in a transaction dated Friday, July 7th. The stock was acquired at an average price of GBX 110 ($1.45) per share, with a total value of £118,800 ($156,707.56).
Connect Group PLC (LON CNCT) traded up 0.23% on Friday, reaching GBX 108.75. 68,838 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 112.37 and a 200 day moving average of GBX 128.86. The firm’s market capitalization is GBX 266.44 million. Connect Group PLC has a 52 week low of GBX 88.00 and a 52 week high of GBX 168.00.
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); and Connect Books (Bertrams, Dawson Books and Wordery). Smiths News segment distributes newspapers and magazines to approximately 30,000 retailers across England and Wales from over 40 distribution centers.
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