Connect Group PLC (CNCT) Receives Average Rating of “Buy” from Brokerages
Shares of Connect Group PLC (LON:CNCT) have been given a consensus rating of “Buy” by the six research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 157.80 ($2.11).
Several equities analysts recently weighed in on CNCT shares. FinnCap restated a “buy” rating and set a GBX 154 ($2.06) price target on shares of Connect Group in a research report on Tuesday, September 26th. Shore Capital restated a “buy” rating on shares of Connect Group in a research report on Thursday, October 26th. JPMorgan Chase & Co. increased their price target on shares of Connect Group from GBX 144 ($1.93) to GBX 145 ($1.94) and gave the company an “overweight” rating in a research report on Friday, October 27th. Finally, Peel Hunt restated an “add” rating and set a GBX 135 ($1.81) price target on shares of Connect Group in a research report on Thursday, December 21st.
Connect Group (CNCT) traded down GBX 0.20 ($0.00) on Monday, reaching GBX 113 ($1.51). 314,478 shares of the company traded hands, compared to its average volume of 102,733. The company has a market capitalization of $279.85 and a price-to-earnings ratio of 1,027.27. Connect Group has a one year low of GBX 88 ($1.18) and a one year high of GBX 159.74 ($2.14).
In related news, insider David Bauernfeind bought 20,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were acquired at an average cost of GBX 99 ($1.32) per share, with a total value of £19,800 ($26,474.13). Also, insider Mark Cashmore bought 38,100 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was bought at an average cost of GBX 105 ($1.40) per share, for a total transaction of £40,005 ($53,489.77).
TRADEMARK VIOLATION WARNING: This piece of content was first published by Marea Informative and is owned by of Marea Informative. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.mareainformativa.com/connect-group-plc-cnct-receives-average-rating-of-buy-from-brokerages-updated-updated-updated/124367/.
About Connect Group
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.
Receive News & Ratings for Connect Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Connect Group and related companies with MarketBeat.com's FREE daily email newsletter.