Connect Group PLC (CNCT) Given Consensus Rating of “Buy” by Brokerages
Shares of Connect Group PLC (LON:CNCT) have been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 157.80 ($2.12).
Several analysts have issued reports on CNCT shares. FinnCap reaffirmed a “buy” rating and issued a GBX 154 ($2.07) price target on shares of Connect Group in a report on Tuesday, September 26th. Shore Capital reissued a “buy” rating on shares of Connect Group in a research report on Thursday, October 26th. Finally, J P Morgan Chase & Co boosted their price objective on shares of Connect Group from GBX 144 ($1.94) to GBX 145 ($1.95) and gave the company an “overweight” rating in a research report on Friday, October 27th.
In related news, insider David Bauernfeind purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was purchased at an average price of GBX 99 ($1.33) per share, with a total value of £19,800 ($26,648.72).
The business also recently declared a dividend, which will be paid on Friday, February 9th. Investors of record on Thursday, January 11th will be given a dividend of GBX 6.70 ($0.09) per share. This is a positive change from Connect Group’s previous dividend of $3.10. The ex-dividend date is Thursday, January 11th. This represents a yield of 6.09%.
About Connect Group
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.
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.