Connect Group (LON:CNCT) Price Target Cut to GBX 15 by Analysts at Berenberg Bank
Connect Group (LON:CNCT) had its price target decreased by Berenberg Bank from GBX 40 ($0.53) to GBX 15 ($0.20) in a research report report published on Wednesday, Stock Target Advisor reports. Berenberg Bank currently has a hold rating on the stock.
Separately, Peel Hunt reiterated a hold rating on shares of Connect Group in a research note on Wednesday.
CNCT stock traded up GBX 2.10 ($0.03) during mid-day trading on Wednesday, reaching GBX 16.35 ($0.22). The company had a trading volume of 388,898 shares, compared to its average volume of 459,659. The stock has a market capitalization of $40.50 million and a P/E ratio of -1.27. Connect Group has a one year low of GBX 13.35 ($0.18) and a one year high of GBX 40 ($0.53). The stock’s 50-day simple moving average is GBX 28.47 and its two-hundred day simple moving average is GBX 32.51.
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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