Connect Group’s (CNCT) Hold Rating Reiterated at Peel Hunt

Peel Hunt reissued their hold rating on shares of Connect Group (LON:CNCT) in a report released on Tuesday morning. The firm currently has a GBX 32 ($0.42) target price on the stock.

Separately, Berenberg Bank cut their price objective on shares of Connect Group from GBX 40 ($0.52) to GBX 35 ($0.46) and set a hold rating on the stock in a report on Friday, September 14th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of GBX 80.25 ($1.05).

CNCT opened at GBX 34.09 ($0.45) on Tuesday. Connect Group has a 52-week low of GBX 58.12 ($0.76) and a 52-week high of GBX 139.75 ($1.83).

In other news, insider Denise Collis bought 33,982 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were purchased at an average price of GBX 29 ($0.38) per share, for a total transaction of £9,854.78 ($12,877.02).

Connect Group Company Profile

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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