Peel Hunt reissued their add rating on shares of Connect Group (LON:CNCT) in a research report report published on Monday. Peel Hunt currently has a GBX 135 ($1.83) price target on the stock.

A number of other research firms also recently commented on CNCT. FinnCap reissued a buy rating and issued a GBX 154 ($2.09) target price on shares of Connect Group in a report on Thursday, October 26th. Shore Capital restated a buy rating on shares of Connect Group in a research report on Thursday, October 26th. Finally, JPMorgan Chase & Co. raised their price target on Connect Group from GBX 144 ($1.95) to GBX 145 ($1.97) and gave the company an overweight rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Connect Group presently has a consensus rating of Buy and a consensus price target of GBX 157.80 ($2.14).

Shares of Connect Group (CNCT) opened at GBX 110 ($1.49) on Monday. Connect Group has a fifty-two week low of GBX 88 ($1.19) and a fifty-two week high of GBX 159.74 ($2.17). The company has a market capitalization of $272.43 and a price-to-earnings ratio of 1,000.00.

The company also recently declared a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, January 11th will be given a GBX 6.70 ($0.09) dividend. The ex-dividend date is Thursday, January 11th. This represents a dividend yield of 6.09%. This is a boost from Connect Group’s previous dividend of $3.10.

In related news, insider David Bauernfeind acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was purchased at an average price of GBX 99 ($1.34) per share, for a total transaction of £19,800 ($26,851.10). Also, insider Jonathan Bunting sold 45,972 shares of Connect Group stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of GBX 117 ($1.59), for a total value of £53,787.24 ($72,941.74).

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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.

Analyst Recommendations for Connect Group (LON:CNCT)

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