Shares of Connect Group PLC (LON:CNCT) have earned an average rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 157.60 ($2.12).

A number of brokerages have recently weighed in on CNCT. FinnCap cut their price objective on Connect Group PLC from GBX 187 ($2.52) to GBX 154 ($2.08) and set a “buy” rating on the stock in a report on Monday, July 31st. J P Morgan Chase & Co cut their price objective on Connect Group PLC from GBX 152 ($2.05) to GBX 144 ($1.94) and set an “overweight” rating on the stock in a report on Tuesday, July 25th. Peel Hunt reissued an “add” rating and issued a GBX 135 ($1.82) price objective on shares of Connect Group PLC in a report on Monday, July 24th. Shore Capital raised Connect Group PLC to a “buy” rating in a report on Thursday, July 20th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 170 ($2.29) target price on shares of Connect Group PLC in a report on Monday, June 26th.

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Connect Group PLC (CNCT) traded up 0.73% on Friday, hitting GBX 103.50. The stock had a trading volume of 28,745 shares. The stock’s market cap is GBX 253.57 million. The company’s 50 day moving average is GBX 104.48 and its 200-day moving average is GBX 119.45. Connect Group PLC has a 12 month low of GBX 88.00 and a 12 month high of GBX 166.75.

In related news, insider Mark Cashmore bought 108,000 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The shares were purchased at an average cost of GBX 110 ($1.48) per share, with a total value of £118,800 ($160,172.58).

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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