Connect Group (CNCT) Stock Rating Reaffirmed by Numis Securities
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).
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.
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