Berenberg Bank reissued their hold rating on shares of Connect Group (LON:CNCT) in a report published on Wednesday morning, Digital Look reports. Berenberg Bank currently has a GBX 40 ($0.52) price objective on the stock.
Separately, Peel Hunt reaffirmed a hold rating on shares of Connect Group in a research note on Wednesday.
CNCT opened at GBX 29 ($0.38) on Wednesday. The firm has a market cap of $73.78 million and a P/E ratio of -1.68. Connect Group has a 52 week low of GBX 27.50 ($0.36) and a 52 week high of GBX 46.10 ($0.60). The business’s fifty day simple moving average is GBX 34.73 and its 200 day simple moving average is GBX 37.13.
In related news, insider Gary Kennedy acquired 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were acquired at an average price of GBX 29 ($0.38) per share, with a total value of £58,000 ($75,787.27).
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.
Read More: What does a hold rating mean?
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