A number of other research analysts have also recently weighed in on the stock. Shore Capital cut shares of Connect Group PLC to a hold rating in a research report on Monday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Connect Group PLC from GBX 164 ($2.10) to GBX 168 ($2.15) and gave the company an overweight rating in a research report on Wednesday, February 8th. Liberum Capital reaffirmed a buy rating and set a GBX 170 ($2.17) price target on shares of Connect Group PLC in a research report on Thursday, January 26th. Berenberg Bank reaffirmed a buy rating and set a GBX 185 ($2.37) price target on shares of Connect Group PLC in a research report on Thursday, February 9th. Finally, Peel Hunt reaffirmed a buy rating and set a GBX 180 ($2.30) price target on shares of Connect Group PLC in a research report on Tuesday, January 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of GBX 178 ($2.28).
Connect Group PLC (LON:CNCT) opened at 126.00 on Tuesday. Connect Group PLC has a one year low of GBX 124.75 and a one year high of GBX 168.00. The stock has a 50 day moving average of GBX 134.29 and a 200 day moving average of GBX 140.89. The firm’s market capitalization is GBX 307.93 million.
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The firm also recently declared a dividend, which will be paid on Friday, July 7th. Shareholders of record on Thursday, June 8th will be given a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date is Thursday, June 8th. This represents a yield of 2.37%.
In other news, insider Mark Cashmore sold 25,747 shares of Connect Group PLC stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of GBX 140 ($1.79), for a total transaction of £36,045.80 ($46,082.59). Also, insider Gary Kennedy acquired 10,000 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were purchased at an average price of GBX 126 ($1.61) per share, for a total transaction of £12,600 ($16,108.41). Over the last ninety days, insiders have acquired 42,690 shares of company stock worth $3,812,690.
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); Connect Education & Care (The Consortium), and Connect Books (Bertrams, Dawson Books and Wordery).
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