J P Morgan Chase & Co Lowers Connect Group PLC (CNCT) Price Target to GBX 144

Connect Group PLC (LON:CNCT) had its target price lowered by analysts at J P Morgan Chase & Co from GBX 152 ($1.98) to GBX 144 ($1.88) in a research note issued on Tuesday. The brokerage currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 33.64% from the stock’s current price.

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Several other equities analysts have also weighed in on the stock. Peel Hunt restated an “add” rating and set a GBX 135 ($1.76) price target on shares of Connect Group PLC in a research report on Monday. FinnCap restated a “buy” rating and set a GBX 187 ($2.44) price target on shares of Connect Group PLC in a research report on Monday. Shore Capital upgraded shares of Connect Group PLC to a “buy” rating in a research report on Thursday, July 20th. Liberum Capital restated a “buy” rating and set a GBX 170 ($2.21) price target on shares of Connect Group PLC in a research report on Monday, June 26th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 185 ($2.41) price target on shares of Connect Group PLC in a research report on Tuesday, April 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 164.20 ($2.14).

Shares of Connect Group PLC (LON CNCT) opened at 105.50 on Tuesday. The company’s 50 day moving average is GBX 115.53 and its 200 day moving average is GBX 130.89. The company’s market cap is GBX 258.47 million. Connect Group PLC has a one year low of GBX 88.00 and a one year high of GBX 168.00.

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In other Connect Group PLC news, insider David Bauernfeind bought 20,000 shares of the business’s stock in a transaction on Thursday, April 27th. The stock was purchased at an average price of GBX 127 ($1.65) per share, for a total transaction of £25,400 ($33,090.15). Also, insider Mark Cashmore bought 108,000 shares of the business’s stock in a transaction on Friday, July 7th. The shares were acquired at an average price of GBX 110 ($1.43) per share, with a total value of £118,800 ($154,768.11). Insiders have acquired 150,690 shares of company stock valued at $15,692,690 in the last quarter.

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).