Connect Group (LON:CNCT) Receives Hold Rating from Peel Hunt
Peel Hunt reissued their hold rating on shares of Connect Group (LON:CNCT) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports.
CNCT stock traded up GBX 2.10 ($0.03) during midday trading on Wednesday, hitting GBX 16.35 ($0.22). 388,898 shares of the stock traded hands, compared to its average volume of 459,659. The firm has a market cap of $40.50 million and a P/E ratio of -1.27. The stock’s fifty day simple moving average is GBX 28.47 and its 200-day simple moving average is GBX 32.51. Connect Group has a 1-year low of GBX 13.35 ($0.18) and a 1-year high of GBX 40 ($0.53).
In related news, insider Jonathan Bunting sold 56,225 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of GBX 36 ($0.47), for a total transaction of £20,241 ($26,625.89).
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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