Connect Group PLC (CNCT) Insider Acquires £22,800 in Stock

Connect Group PLC (LON:CNCT) insider Gary Kennedy bought 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was purchased at an average cost of GBX 76 ($1.03) per share, for a total transaction of £22,800 ($30,919.45).

Shares of Connect Group PLC (CNCT) traded down GBX 1.20 ($0.02) on Tuesday, reaching GBX 74.80 ($1.01). The company’s stock had a trading volume of 1,034,965 shares, compared to its average volume of 294,859. The firm has a market cap of $185.24 and a P/E ratio of 680.00. Connect Group PLC has a 12 month low of GBX 73.65 ($1.00) and a 12 month high of GBX 154 ($2.09).

The business also recently declared a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, January 11th will be given a dividend of GBX 6.70 ($0.09) per share. This is an increase from Connect Group’s previous dividend of $3.10. This represents a yield of 6.09%. The ex-dividend date of this dividend is Thursday, January 11th.

Several research firms recently issued reports on CNCT. Numis Securities reissued a “buy” rating and issued a GBX 100 ($1.36) target price (down from GBX 135 ($1.83)) on shares of Connect Group in a research report on Tuesday. Peel Hunt reaffirmed an “add” rating and set a GBX 135 ($1.83) price target on shares of Connect Group in a research report on Monday, January 8th. FinnCap reaffirmed a “buy” rating and set a GBX 154 ($2.09) price target on shares of Connect Group in a research report on Monday, December 4th. Shore Capital reaffirmed a “buy” rating on shares of Connect Group in a research report on Thursday, November 16th. Finally, JPMorgan Chase & Co. increased their price target on Connect Group from GBX 144 ($1.95) to GBX 145 ($1.97) and gave the stock an “overweight” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Connect Group currently has an average rating of “Buy” and a consensus target price of GBX 148.17 ($2.01).

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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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