Brokerages Set Connect Group PLC (CNCT) Target Price at $186.20

Connect Group PLC (LON:CNCT) has earned an average recommendation of “Buy” from the six brokerages that are presently covering the firm. Six analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 182.75 ($2.23).

Several equities analysts recently commented on CNCT shares. FinnCap reissued a “buy” rating on shares of Connect Group PLC in a research note on Tuesday. Peel Hunt restated a “buy” rating and issued a GBX 180 ($2.19) price target on shares of Connect Group PLC in a research report on Tuesday, July 5th. Liberum Capital restated a “buy” rating and issued a GBX 170 ($2.07) price target on shares of Connect Group PLC in a research report on Thursday, September 15th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Connect Group PLC from GBX 185 ($2.25) to GBX 181 ($2.21) and set an “overweight” rating for the company in a research report on Wednesday, July 6th.

Shares of Connect Group PLC (LON:CNCT) opened at 140.50 on Friday. Connect Group PLC has a 52-week low of GBX 129.75 and a 52-week high of GBX 175.00. The company has a 50-day moving average of GBX 157.82 and a 200 day moving average of GBX 156.23. The company’s market capitalization is GBX 340.85 million.

The company also recently disclosed a dividend, which will be paid on Friday, February 10th. Stockholders of record on Thursday, January 12th will be given a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date is Thursday, January 12th. This is a boost from Connect Group PLC’s previous dividend of $3.00. This represents a dividend yield of 4.63%.

About Connect Group PLC

Connect Group PLC, formerly Smiths News Plc, is a United Kingdom-based distribution company. The Company’s segments include Connect News & Media: News Distribution (also referred as Smiths News); Connect News & Media: Media (Dawson Media Direct (DMD)); Connect Books (Bertrams, Dawson Books and Wordery); Connect Education and Care (The Consortium), and Connect Parcel Freight (Tuffnells).

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