Connect Group PLC’s (CNCT) Buy Rating Reiterated at Liberum Capital
Connect Group PLC (LON:CNCT)‘s stock had its “buy” rating reissued by stock analysts at Liberum Capital in a research report issued on Monday. They presently have a GBX 170 ($2.17) price objective on the stock. Liberum Capital’s price objective would suggest a potential upside of 40.21% from the stock’s previous close.
Several other equities analysts also recently weighed in on CNCT. FinnCap reiterated a “buy” rating and issued a GBX 187 ($2.38) price target on shares of Connect Group PLC in a report on Monday, June 19th. Peel Hunt cut their price target on shares of Connect Group PLC from GBX 167 ($2.13) to GBX 135 ($1.72) and set an “add” rating on the stock in a report on Friday, June 2nd. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 185 ($2.36) price target on shares of Connect Group PLC in a report on Tuesday, April 25th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Connect Group PLC currently has an average rating of “Buy” and a consensus target price of GBX 169 ($2.15).
Connect Group PLC (CNCT) opened at 120.00 on Monday. Connect Group PLC has a 12-month low of GBX 119.25 and a 12-month high of GBX 168.00. The stock’s market cap is GBX 294.00 million. The company has a 50 day moving average of GBX 124.57 and a 200-day moving average of GBX 136.94.
The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, June 8th. This represents a yield of 2.37%.
In related news, insider Gary Kennedy acquired 10,000 shares of the stock in a transaction on Friday, April 28th. The shares were acquired at an average price of GBX 126 ($1.61) per share, for a total transaction of £12,600 ($16,053.00). Also, insider David Bauernfeind acquired 20,000 shares of the stock in a transaction on Thursday, April 27th. The stock was bought at an average price of GBX 127 ($1.62) per share, for a total transaction of £25,400 ($32,360.81). In the last quarter, insiders purchased 42,690 shares of company stock worth $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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