Connect Group (CNCT) Stock Rating Reaffirmed by Peel Hunt

Connect Group (LON:CNCT)‘s stock had its “hold” rating reiterated by equities research analysts at Peel Hunt in a report issued on Tuesday.

Separately, Berenberg Bank dropped their price target on Connect Group from GBX 40 ($0.52) to GBX 35 ($0.46) and set a “hold” rating for the company in a research note on Friday, September 14th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 80.25 ($1.05).

Shares of CNCT stock opened at GBX 36.75 ($0.48) on Tuesday. Connect Group has a fifty-two week low of GBX 58.12 ($0.76) and a fifty-two week high of GBX 139.75 ($1.83).

In other news, insider Tony Grace purchased 55,784 shares of the company’s stock in a transaction dated Tuesday, November 6th. The stock was bought at an average cost of GBX 36 ($0.47) per share, for a total transaction of £20,082.24 ($26,241.00).

About Connect Group

Connect Group PLC engages in the distribution of newspapers, magazines, and books products in the United Kingdom and internationally. The company operates through News & Media: News Distribution, News & Media: Media, and Mixed Freight segments. The News & Media: News Distribution segment distributes newspapers and magazines to 27,000 retailers from 39 distribution centers across England and Wales.

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