Shares of Connect Group PLC (LON:CNCT) have received an average recommendation of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 157.80 ($2.12).

A number of equities analysts recently issued reports on the stock. J P Morgan Chase & Co upped their price objective on shares of Connect Group from GBX 144 ($1.94) to GBX 145 ($1.95) and gave the stock an “overweight” rating in a research report on Friday, October 27th. Shore Capital reiterated a “buy” rating on shares of Connect Group in a research report on Thursday, November 16th. Finally, FinnCap reiterated a “buy” rating and set a GBX 154 ($2.07) price objective on shares of Connect Group in a research report on Monday, December 4th.

In other Connect Group news, insider David Bauernfeind bought 20,000 shares of Connect Group stock in a transaction on Thursday, October 26th. The shares were purchased at an average cost of GBX 99 ($1.33) per share, with a total value of £19,800 ($26,648.72).

Shares of Connect Group (CNCT) traded down GBX 0.75 ($0.01) during trading hours on Thursday, hitting GBX 106.75 ($1.44). 140,586 shares of the stock traded hands, compared to its average volume of 228,604. Connect Group has a one year low of GBX 88 ($1.18) and a one year high of GBX 159.74 ($2.15).

The firm also recently announced a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, January 11th will be issued a dividend of GBX 6.70 ($0.09) per share. This represents a yield of 6.09%. This is a positive change from Connect Group’s previous dividend of $3.10. The ex-dividend date of this dividend is Thursday, January 11th.

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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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