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, 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).

Shares of Connect Group (LON:CNCT) traded down GBX 1 ($0.01) during midday trading on Thursday, hitting GBX 107.50 ($1.45). 62,169 shares of the company’s stock traded hands, compared to its average volume of 329,639. Connect Group has a 12 month low of GBX 88 ($1.18) and a 12 month high of GBX 159.74 ($2.15).

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%.

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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.

Analyst Recommendations for Connect Group (LON:CNCT)

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