Connect Group PLC (LON:CNCT)‘s stock had its “buy” rating reissued by research analysts at FinnCap in a research note issued on Monday, July 24th. They currently have a GBX 187 ($2.47) price objective on the stock. FinnCap’s price target suggests a potential upside of 71.95% from the stock’s previous close.
CNCT has been the subject of a number of other research reports. Shore Capital upgraded shares of Connect Group PLC to a “buy” rating in a research note on Thursday, July 20th. Peel Hunt restated an “add” rating and set a GBX 167 ($2.20) price target on shares of Connect Group PLC in a research note on Tuesday, April 25th. Berenberg Bank restated a “buy” rating and set a GBX 185 ($2.44) price target on shares of Connect Group PLC in a research note on Tuesday, April 25th. Finally, Liberum Capital restated a “buy” rating and set a GBX 170 ($2.24) price target on shares of Connect Group PLC in a research note on Tuesday, April 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 157.60 ($2.08).
Connect Group PLC (CNCT) opened at 108.75 on Monday. The company’s 50-day moving average is GBX 112.37 and its 200 day moving average is GBX 128.86. The firm’s market cap is GBX 266.44 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 news, insider Mark Cashmore acquired 108,000 shares of the business’s stock in a transaction on Friday, July 7th. The shares were purchased at an average cost of GBX 110 ($1.45) per share, with a total value of £118,800 ($156,707.56).
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); 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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