Jonathan Bunting Sells 45,972 Shares of Connect Group PLC (CNCT) Stock

Connect Group PLC (LON:CNCT) insider Jonathan Bunting sold 45,972 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of GBX 117 ($1.59), for a total transaction of £53,787.24 ($72,941.74).

Connect Group PLC (LON:CNCT) traded down GBX 0.90 ($0.01) during trading on Thursday, reaching GBX 110 ($1.49). 405,229 shares of the company were exchanged, compared to its average volume of 138,768. The company has a market cap of $272.43 and a price-to-earnings ratio of 1,000.00. Connect Group PLC has a twelve month low of GBX 88 ($1.19) and a twelve month high of GBX 159.74 ($2.17).

The company also recently announced 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 represents a yield of 6.09%. The ex-dividend date is Thursday, January 11th. This is a positive change from Connect Group’s previous dividend of $3.10.

CNCT has been the topic of a number of recent research reports. FinnCap restated a “buy” rating and set a GBX 154 ($2.09) price target on shares of Connect Group in a research note on Thursday, October 26th. Shore Capital restated a “buy” rating on shares of Connect Group in a research note on Thursday, November 16th. Peel Hunt restated an “add” rating and set a GBX 135 ($1.83) price target on shares of Connect Group in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price target on shares of Connect Group from GBX 144 ($1.95) to GBX 145 ($1.97) and gave the company an “overweight” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 157.80 ($2.14).

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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.

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

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