Connect Group PLC (CNCT) Stock Rating Reaffirmed by Liberum Capital

Connect Group PLC (CNCT) Stock Rating Reaffirmed by Liberum Capital

Connect Group PLC (LON:CNCT)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a note issued to investors on Tuesday. They presently have a GBX 170 ($2.12) price objective on the stock. Liberum Capital’s price objective indicates a potential upside of 21.43% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. Shore Capital reissued a “hold” rating on shares of Connect Group PLC in a report on Sunday, January 29th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 164 ($2.04) target price on shares of Connect Group PLC in a report on Friday, January 27th. FinnCap reissued a “buy” rating and issued a GBX 196 ($2.44) target price on shares of Connect Group PLC in a report on Thursday, January 26th. Peel Hunt reaffirmed an “add” rating and issued a GBX 167 ($2.08) price objective (down previously from GBX 180 ($2.24)) on shares of Connect Group PLC in a research note on Tuesday, January 24th. Finally, Berenberg Bank decreased their price objective on Connect Group PLC from GBX 200 ($2.49) to GBX 185 ($2.30) and set a “buy” rating on the stock in a research note on Thursday, October 20th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Connect Group PLC currently has a consensus rating of “Buy” and an average price target of GBX 177.20 ($2.21).

Shares of Connect Group PLC (LON:CNCT) opened at 139.75 on Tuesday. The company has a 50-day moving average price of GBX 148.41 and a 200-day moving average price of GBX 150.55. The company’s market cap is GBX 341.53 million. Connect Group PLC has a 52-week low of GBX 125.30 and a 52-week high of GBX 168.00.

About Connect Group PLC

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); Connect Education & Care (The Consortium), and Connect Books (Bertrams, Dawson Books and Wordery).

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