Connect Group PLC (LON:CNCT) Receives GBX 157.60 Average Price Target from Analysts
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.
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