Connect Group PLC (LON:CNCT) insider Mark Cashmore purchased 38,100 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was bought at an average price of GBX 105 ($1.41) per share, with a total value of £40,005 ($53,842.53).

Connect Group PLC (LON CNCT) traded up GBX 2.25 ($0.03) during trading hours on Tuesday, hitting GBX 109.25 ($1.47). The company had a trading volume of 159,145 shares, compared to its average volume of 180,377. Connect Group PLC has a fifty-two week low of GBX 88 ($1.18) and a fifty-two week high of GBX 159.74 ($2.15).

The business also recently disclosed a dividend, which will be paid on Friday, February 9th. Investors of record on Thursday, January 11th will be issued 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 of this dividend is Thursday, January 11th. This represents a yield of 6.09%.

CNCT has been the subject of a number of recent analyst reports. Shore Capital reiterated a “buy” rating on shares of Connect Group in a research report on Thursday, October 26th. FinnCap reiterated a “buy” rating and issued a GBX 154 ($2.07) price target on shares of Connect Group in a research report on Thursday, October 26th. Finally, J P Morgan Chase & Co increased their price target on 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 157.80 ($2.12).

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Connect Group Company Profile

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.

Insider Buying and Selling by Quarter for Connect Group (LON:CNCT)

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