Peel Hunt reaffirmed their hold rating on shares of Connect Group (LON:CNCT) in a research report sent to investors on Tuesday.

Separately, Berenberg Bank lowered their price target on Connect Group from GBX 40 ($0.52) to GBX 35 ($0.46) and set a hold rating on the stock in a research report on Friday, September 14th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Connect Group has an average rating of Buy and an average target price of GBX 80.25 ($1.05).

CNCT opened at GBX 36 ($0.47) 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 Connect Group news, insider Tony Grace purchased 55,784 shares of the stock in a transaction on Tuesday, November 6th. The shares were purchased at an average price of GBX 36 ($0.47) per share, with a total value of £20,082.24 ($26,241.00).

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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