Connect Group PLC (CNCT) Receives Average Recommendation of “Buy” from Brokerages
Connect Group PLC (LON:CNCT) has earned a consensus rating of “Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 157.60 ($2.08).
Several equities research analysts have commented on CNCT shares. Liberum Capital reissued a “buy” rating and issued a GBX 170 ($2.24) target price on shares of Connect Group PLC in a report on Monday, June 26th. Peel Hunt reissued an “add” rating and issued a GBX 135 ($1.78) target price on shares of Connect Group PLC in a report on Monday, July 24th. FinnCap dropped their target price on Connect Group PLC from GBX 187 ($2.47) to GBX 154 ($2.03) and set a “buy” rating on the stock in a report on Monday, July 31st. Shore Capital raised Connect Group PLC to a “buy” rating in a report on Thursday, July 20th. Finally, J P Morgan Chase & Co dropped their target price on Connect Group PLC from GBX 152 ($2.01) to GBX 144 ($1.90) and set an “overweight” rating on the stock in a report on Tuesday, July 25th.
Shares of Connect Group PLC (CNCT) traded down 1.29% during trading on Wednesday, hitting GBX 95.50. The stock had a trading volume of 218,885 shares. Connect Group PLC has a 52 week low of GBX 93.79 and a 52 week high of GBX 159.74. The firm has a 50 day moving average price of GBX 101.15 and a 200-day moving average price of GBX 113.32. The stock’s market capitalization is GBX 233.97 million.
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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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