Shares of Connect Group PLC (LON:CNCT) have been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 157.60 ($2.08).

CNCT has been the subject of a number of research analyst reports. Liberum Capital restated a “buy” rating and set a GBX 170 ($2.24) target price on shares of Connect Group PLC in a report on Tuesday, April 25th. FinnCap restated a “buy” rating and set a GBX 200 ($2.64) target price on shares of Connect Group PLC in a report on Tuesday, April 25th. Berenberg Bank restated a “buy” rating and set a GBX 185 ($2.44) target price on shares of Connect Group PLC in a report on Tuesday, April 25th. Peel Hunt restated an “add” rating and set a GBX 167 ($2.20) target price on shares of Connect Group PLC in a report on Tuesday, April 25th. Finally, Shore Capital upgraded Connect Group PLC to a “buy” rating in a report on Thursday, July 20th.

In other news, insider Mark Cashmore bought 108,000 shares of the stock in a transaction that occurred on Friday, July 7th. The stock was bought at an average cost of GBX 110 ($1.45) per share, for a total transaction of £118,800 ($156,707.56).

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Shares of Connect Group PLC (LON:CNCT) traded down 0.92% during midday trading on Friday, reaching GBX 107.75. 35,877 shares of the company’s stock traded hands. Connect Group PLC has a one year low of GBX 88.00 and a one year high of GBX 168.00. The company’s market capitalization is GBX 263.99 million. The company has a 50-day moving average of GBX 112.37 and a 200-day moving average of GBX 128.86.

About Connect Group PLC

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.

Analyst Recommendations for Connect Group PLC (LON:CNCT)

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