Connect Group (LON:CNCT)‘s stock had its “buy” rating reaffirmed by equities researchers at Numis Securities in a report issued on Tuesday. They presently have a GBX 100 ($1.36) price objective on the stock, down from their prior price objective of GBX 135 ($1.83). Numis Securities’ price objective indicates a potential upside of 30.75% from the company’s previous close.

CNCT has been the subject of several other reports. FinnCap restated a “buy” rating and issued a GBX 154 ($2.09) target price on shares of Connect Group in a research note on Thursday, October 26th. Shore Capital reiterated a “buy” rating on shares of Connect Group in a research note on Thursday, November 16th. Peel Hunt reiterated an “add” rating and set a GBX 135 ($1.83) price objective on shares of Connect Group in a research note on Monday, January 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Connect Group from GBX 144 ($1.95) to GBX 145 ($1.97) and gave the stock an “overweight” rating in a research note on Friday, October 27th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Connect Group has a consensus rating of “Buy” and a consensus target price of GBX 148.17 ($2.01).

Shares of Connect Group (CNCT) opened at GBX 76.48 ($1.04) on Tuesday. The firm has a market cap of $185.99 and a P/E ratio of 695.27. Connect Group has a one year low of GBX 73 ($0.99) and a one year high of GBX 154 ($2.09).

In other Connect Group news, insider Mark Cashmore bought 38,100 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was bought at an average cost of GBX 105 ($1.42) per share, for a total transaction of £40,005 ($54,251.42). Also, insider Jonathan Bunting sold 45,972 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of GBX 117 ($1.59), for a total transaction of £53,787.24 ($72,941.74).

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Connect Group 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.

Analyst Recommendations for Connect Group (LON:CNCT)

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