Connect Group (LON:CNCT) Earns Hold Rating from Peel Hunt

Peel Hunt reiterated their hold rating on shares of Connect Group (LON:CNCT) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports.

Shares of CNCT stock opened at GBX 29 ($0.38) on Wednesday. The stock has a market cap of $73.78 million and a P/E ratio of -1.68. The stock has a 50 day simple moving average of GBX 34.73 and a 200 day simple moving average of GBX 37.13. Connect Group has a 1 year low of GBX 27.50 ($0.36) and a 1 year high of GBX 46.10 ($0.60).

The business also recently declared a dividend, which will be paid on Thursday, February 13th. Investors of record on Thursday, January 16th will be paid a GBX 1 ($0.01) dividend. This represents a dividend yield of 3.44%. The ex-dividend date is Thursday, January 16th. Connect Group’s dividend payout ratio (DPR) is currently -0.35%.

In related news, insider Gary Kennedy purchased 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was acquired at an average cost of GBX 29 ($0.38) per share, for a total transaction of £58,000 ($75,787.27).

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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