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.

In other Connect Group news, insider Jonathan Bunting sold 56,225 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of GBX 36 ($0.47), for a total value of £20,241 ($26,625.89).

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: Options Trading – What is a Straddle?

Receive News & Ratings for Connect Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Connect Group and related companies with's FREE daily email newsletter.