Jonathan Bunting Sells 45,972 Shares of Connect Group PLC (CNCT) Stock

Connect Group PLC (LON:CNCT) insider Jonathan Bunting sold 45,972 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of GBX 117 ($1.59), for a total transaction of £53,787.24 ($72,941.74).

Shares of Connect Group PLC (LON CNCT) traded down GBX 0.90 ($0.01) during trading hours on Thursday, hitting GBX 110 ($1.49). 405,229 shares of the stock were exchanged, compared to its average volume of 138,768. The company has a market cap of $272.43 and a price-to-earnings ratio of 1,000.00. Connect Group PLC has a 1 year low of GBX 88 ($1.19) and a 1 year high of GBX 159.74 ($2.17).

The business also recently declared a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, January 11th will be issued a GBX 6.70 ($0.09) dividend. This is a positive change from Connect Group’s previous dividend of $3.10. The ex-dividend date is Thursday, January 11th. This represents a dividend yield of 6.09%.

CNCT has been the topic of a number of analyst reports. Peel Hunt reaffirmed an “add” rating and set a GBX 135 ($1.83) target price on shares of Connect Group in a report on Monday. FinnCap reaffirmed a “buy” rating and set a GBX 154 ($2.09) target price on shares of Connect Group in a report on Thursday, October 26th. Shore Capital reaffirmed a “buy” rating on shares of Connect Group in a report on Thursday, October 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Connect Group from GBX 144 ($1.95) to GBX 145 ($1.97) and gave the stock an “overweight” rating in a report on Friday, October 27th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Connect Group currently has a consensus rating of “Buy” and an average price target of GBX 157.80 ($2.14).

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About Connect Group

Connect Group PLC is a United Kingdom-based distribution company. The Company’s segments include Connect News & Media: News Distribution (Smiths News); Connect News & Media: Media (DMD); Connect Parcel Freight (Tuffnells); and Connect Books (Bertrams, Dawson Books and Wordery). Smiths News segment distributes newspapers and magazines to approximately 30,000 retailers across England and Wales from over 40 distribution centers.

Insider Buying and Selling by Quarter for Connect Group (LON:CNCT)

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