Connect Group PLC’s (CNCT) Buy Rating Reaffirmed at FinnCap
CNCT has been the topic of a number of other reports. Liberum Capital reissued a buy rating and issued a GBX 170 ($2.07) price target on shares of Connect Group PLC in a report on Thursday, September 15th. Peel Hunt reissued a buy rating and issued a GBX 180 ($2.19) price target on shares of Connect Group PLC in a report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Connect Group PLC from GBX 185 ($2.25) to GBX 181 ($2.21) and set an overweight rating on the stock in a report on Wednesday, July 6th. Six equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average target price of GBX 183 ($2.23).
Shares of Connect Group PLC (LON:CNCT) opened at 141.50 on Tuesday. The firm’s 50-day moving average is GBX 157.82 and its 200-day moving average is GBX 156.23. Connect Group PLC has a 12-month low of GBX 129.75 and a 12-month high of GBX 175.00. The company’s market capitalization is GBX 343.28 million.
The business also recently announced a dividend, which will be paid on Friday, February 10th. Investors of record on Thursday, January 12th will be paid a GBX 6.50 ($0.08) dividend. This is an increase from Connect Group PLC’s previous dividend of $3.00. This represents a yield of 4.63%. The ex-dividend date is Thursday, January 12th.
About Connect Group PLC
Connect Group PLC, formerly Smiths News Plc, is a United Kingdom-based distribution company. The Company’s segments include Connect News & Media: News Distribution (also referred as Smiths News); Connect News & Media: Media (Dawson Media Direct (DMD)); Connect Books (Bertrams, Dawson Books and Wordery); Connect Education and Care (The Consortium), and Connect Parcel Freight (Tuffnells).
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.