Peel Hunt Reiterates Hold Rating for Connect Group (LON:CNCT)

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

Separately, Berenberg Bank reissued a hold rating and set a GBX 40 ($0.53) price target on shares of Connect Group in a research report on Wednesday, November 6th.

LON:CNCT opened at GBX 35.30 ($0.46) on Monday. Connect Group has a 52-week low of GBX 27.50 ($0.36) and a 52-week high of GBX 46.10 ($0.61). The company has a market cap of $86.70 million and a P/E ratio of -2.74. The stock’s 50-day simple moving average is GBX 32.49 and its 200 day simple moving average is GBX 35.09.

The business also recently disclosed a dividend, which will be paid on Thursday, February 13th. Stockholders of record on Thursday, January 16th will be paid a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 3.44%. The ex-dividend date is Thursday, January 16th. Connect Group’s dividend payout ratio is currently -0.08%.

In other news, insider Gary Kennedy acquired 200,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were bought at an average cost of GBX 29 ($0.38) per share, for a total transaction of £58,000 ($76,295.71). Also, insider Jonathan Bunting sold 56,225 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of GBX 36 ($0.47), for a total transaction of £20,241 ($26,625.89).

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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