Published On: Wed, Oct 19th, 2016

Analysts At JP Morgan Reiterated Connect Group PLC (LON:CNCT) As Overweight


Today analysts at JP Morgan reiterated Connect Group PLC’s (LON:CNCT) shares as ‘Overweight’ in a report released to investors.

According to JP Morgans price target of 164 on the company’s stock this indicates the broker now believes there is an increase of 15.39% from Connect Group PLC’s current price of 142.13.

LON:CNCT


In the last year Connect Group PLC’s stock price has decreased by -5.94% from 151.1 to 142.13.

The number of Connect Group PLC shares in issue is 242,600,000 which have a current share price of 142.13 bringing Connect Group PLC’s market capitalisation to 344.80M GBp.

The 52 week high of shares in Connect Group PLC is 175 while the 52 week low for the company’s shares is 129.75. The businesses 50 day moving average is 157.82 and its 200 day moving average is 156.23.

Connect Group PLC, formerly Smiths News Plc, is a United Kingdom-based distribution company. The Company’s segments include Connect News & Media: News Distribution (also referred as Smiths News); Connect News & Media: Media (Dawson Media Direct (DMD)); Connect Books (Bertrams, Dawson Books and Wordery); Connect Education and Care (The Consortium), and Connect Parcel Freight (Tuffnells). Smiths News distributes newspapers and magazines to approximately 30,000 retailers across England and Wales from over 40 distribution centers. DMD is a supplier of newspaper and magazines to airlines, and a provider of inflight services. Bertrams, Dawson Books and Wordery distribute physical and digital books to high street and online retailers and academic institutions, among others. The Consortium is a distributor of education and care consumable products across the United Kingdom. Tuffnells is a provider of next day business-to-business (B2B) delivery of mixed parcel freight consignments.