Connect Group PLC (CNCT) Receives “Buy” Rating from FinnCap
Several other research analysts have also recently commented on CNCT. Peel Hunt cut their price target on Connect Group PLC from GBX 167 ($2.13) to GBX 135 ($1.72) and set an add rating on the stock in a research note on Friday, June 2nd. Berenberg Bank reiterated a buy rating and issued a GBX 185 ($2.36) price target on shares of Connect Group PLC in a research note on Tuesday, April 25th. Finally, Liberum Capital reiterated a buy rating and issued a GBX 170 ($2.17) price target on shares of Connect Group PLC in a research note on Tuesday, April 25th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Connect Group PLC has a consensus rating of Buy and a consensus target price of GBX 169 ($2.15).
Connect Group PLC (LON CNCT) traded down 0.40% on Monday, hitting GBX 126.00. The stock had a trading volume of 19,803 shares. The company’s 50 day moving average is GBX 124.55 and its 200 day moving average is GBX 137.17. The firm’s market cap is GBX 308.70 million. Connect Group PLC has a 12-month low of GBX 121.00 and a 12-month high of GBX 168.00.
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The company also recently disclosed a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, June 8th will be issued a GBX 3.10 ($0.04) dividend. This represents a yield of 2.37%. The ex-dividend date of this dividend is Thursday, June 8th.
In other news, insider David Bauernfeind acquired 20,000 shares of the stock in a transaction that occurred on Thursday, April 27th. The stock was purchased at an average cost of GBX 127 ($1.62) per share, with a total value of £25,400 ($32,360.81). Also, insider Gary Kennedy acquired 10,000 shares of the stock in a transaction that occurred on Friday, April 28th. The stock was purchased at an average cost of GBX 126 ($1.61) per share, with a total value of £12,600 ($16,053.00). Over the last three months, insiders purchased 42,690 shares of company stock valued at $3,812,690.
Connect Group PLC 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); Connect Education & Care (The Consortium), and Connect Books (Bertrams, Dawson Books and Wordery).
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