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.

Analyst Recommendations for Connect Group PLC (LON:CNCT)

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